About time he told LukeBillionaire Tim Goyder has called on...

About time he told Luke


Billionaire Tim Goyder has called on exploration company leaders to back their own stock and “roll in the dirt” if they want to make it through the booms and busts of the resources game.

The Liontown Resources chair — who began pegging his first tenements in his early 20s — was quizzed about the highs and lows of his career and personal life during a WA Mining Club St Barbara’s Day lunch on Friday. He had some sage advice for explorers riding out investment cycles, encouraging them to get more involved in their companies.

“Number one, get enough stock, own enough of it. I think a lot of people running these companies don’t own enough shares,” he told the audience.

“I think you’ve got to get involved, running a public company that’s got shareholders in it . . . you’re not there to get a suntan.

“You’re there to make them money and I think a lot of people running these companies don’t have that psyche . . . you’ve got to roll in the dirt.”

Mr Goyder is a major shareholder of Chalice Mining and Liontown Resources.