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clock Created with Sketch. 15/11/18
21:39
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Originally posted by worzel1:
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What stuff?"This board built this company and its one of the biggest success stories in Australian gold mining. Even the success of NST has been built off the back of this board’s shoulders" ......This is just laughably WRONG WRONG WRONG!!.... Billis could have bought out the remaining 50% of the EKJV, he had the finance and a greater understanding of the project than anyone else who may have been interested including NST......Yet NST did there due diligence and managed to win a competitive process to purchase the Barrick share of the EKJV...........They have gone on to totally transform the mine and make it worth multiples of what they were brave enough to pay for it.......When they made this purchase NST was worth 90c a share, the recent share price is over $9......at the same time TBR was worth $2.50 and now worth $5......10 Bag v 1 Bag.....so really it is BB that has created tremendous value for Billis and he should be grateful........While NST has put together multiple successful deals what has Billis really done over the last 20 years - apart from take 13% (issued to Trans Global) of the company for himself via a very questionable deal with Oretek and collect very generous payments from the company?????......
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i was happy tbr didn't buy that 51%. They weren't the operator of the mine and don't think they have much actual mining experience. It was a good thing and the smart thing to do.
(20min delay)