I could be wrong but I can't recall him ever saying that he would not be selling.The closest I can recall is from this extract from Sept 2009 Paydirt magazine.....
......"The waters around the Extract share register were further muddied in March when Polo Resources Ltd, led by former Uramin executive Stephen Datells, acquired a 5.7% interest.
“We were a small company that had made a major discovery, so we were always going to attract interest. I wasn’t surprised by Polo Resources’ move. We are transparent, we put out all our drill results and they’ve all been impressive. “I say good call by Stephen Datells. He has a good reputation in the industry from his success with Uramin and he is well regarded by the market. He picked us well, although anyone could’ve seen it.”
With competing interests holding a large portion of the stock, shareholder dissent and boardroom wrangling was soon to follow. In February, chairman Bob Buchan was removed from his post after a Kalahari-led general meeting voted for his removal. Kalahari continued to wage its war over control of Extract when it called for the resignations of two further directors: John Main and Steve Sikirich. Having quelled that move, Extract again clashed with its major shareholder in May over McIntyre’s own position. Kalahari was keen to replace McIntyre with its own representative, chairman Mark Hohnen.
Extract responded publicly by saying any appointments would “remain within the remit of the board of Extract”, but just two weeks later, on June 17, McIntyre announced he was stepping down. “Did I think it was inevitable that I would be pressured to leave? Not really. As a company we had done well and I thought all the shareholders were happy, but I was wrong. Once I fell out with Kalahari my position became untenable really. A major shareholder was unhappy and there was no point fighting it. “Hopefully now the shareholders can come together and reach a common goal.” The restructured board will have nominees from Kalahari, Rio and Polo. “Each of the major shareholders now has representation on the Extract board and there are also independent directors. It makes for a fairly dynamic board with a lot of differing opinions which is not necessarily a bad thing.”
Despite having to fall on his sword, McIntyre is anything but downbeat about what has happened. He will retain a sizeable holding in the company, is playing a leading role in the hunt for his successor and is still keen to see Extract and Rössing South become what he thinks they can. “I am absolutely elated at what we have achieved with Extract. I don’t want to lose track. Did I think we could take Rössing South into production? As soon as we found Rössing South I thought, ‘Yes, we can take this into production.’ Ida Dome needed more optimisation work but Rössing South always looked likely. “I was getting excited because we had the opportunity to take something from an exploration theory, all the way to production. I think Extract could still achieve that.”.......
As far as I'm concerned,He will retain a sizeable holding in the company, (which was not a direct quote) as at Sept and saying he would not be selling have 2 different meanings.
Cheers!
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