One problem of course is that Paterson is just one of ARV's many assets. Right now it's not even the most important one yet because, unlike others e.g. Carlow Castle and Munni Munni, we don't know if there is anything there of value. When it comes to those other resources, Alastair has very little if any knowledge.
Is Alastair a geologist? Does he understand the geology and mining technology of ARV assets in Australia? Is he able to determine which assets should be kept, mined, processed or sold and their real value bearing in mind the significant variety that ARV has?
I would like to know how Ed now fits into the picture as he has significant knowledge of the area, the geology, the individual assets, and he is a qualified geologist. We now have two exec directors but no idea how they will work together and which one will make final decisions, especially when it comes to disposal of assets. There can only be one CEO and in my view, the CEO should not also be an Executive Director of an Investment house due to the very high potential for conflict of interest.
ARV Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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