From my experience in talking with Ian he seems a very capable and determined director, and very mindful that the company is publicly owned by us the shareholders.
He cut his own salary in the wake of the GFC, he could have kept the same salary and bought stock with the difference which can be seen as the appearance of a confident director, yet would still be pulling funds out of exploration and company development to do so. Which I think speaks volumes about the type of guy he is.
On an interesting note another micro-cap AEX had over $11mill added to its MC today after the announcement of a 33% inerest in gold/uranium project in South Africa. They will need to spend $5mill on exploration. Mantle has a very exciting gold target in Haunted Stream which is 100% owned by Mantle and funds have already been allocated for drilling.
Patience will be rewarded IMO, as HotRods65 pointed out yesterday the market cap is only about 4.4mill with 1.7 cash. The potential upside from here is just enormous, especially for the coal but also for the two gold projects. I am putting the call in that we have had a double bottom now at 2.9c and it is upwards from here.
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