Peter Kane is highly regarded in the industry. You will find that it is normal to find a higher turnover of executives in smaller cap companies generally and as they transition from explorer to producer. Keep in mind that the bigger miners are offering much higher salaries, so there is competition out there for those inclined.
Some, such as Peter sees what the money is seeing and that is the final fruition from potential to the fun of actually making the money by pulling that black gold from the ground, not to mention higher rewards and remuneration just around the corner. Keep in mind once it goes cash flow positive GUF has all these other projects in Queensland with extremely large resources that are right next to other producers and more importantly ports and infrastructure, Hancock Prospecting are up there with them too. 2013 is almost over, 2014/15 will be gangbusters for coal as the US shifts up a gear after the hicupp of 2013..
On another note, Gleneagle securities- from their website “Gleneagle serves the diverse needs of sophisticated market participants and institutions ranging from traditional money managers and high net worth individuals to registered investment firms and funds.” Gleneagle has purchased 35 million shares at the beginning of August at an average of 10.5 cents giving them about 5.5 percent. For those that need a distraction while you wait to get rich read this research report on GUF to keep you busy...
