PF1 - General Banter, page-66

The appointment (promotion) of Callaghan to the role of Managing Director.
IMO only, there seems to be aspects that don't quite make sense, which in turn adds to my reasoning why the Company couldn't find an interested director to take on the role of Managing Director, if the Board had the intention to appoint Callaghan as the Managing Director from the outset, why wouldn't they have announced it in the same announcement as Green's resignation?

The announcement (23rd Sept) of Green's resignation indicated:
re: quote "The Company has commenced the process to appoint a new Director and Mr Green will be working with the Board over the coming period to achieve an orderly transition, with Mr green's last day being the 16 November 2021."
~ as per the norm (not just PF1) company announcements can be ambiguous, and this is no exception - as in, did the Board initiate a process to appoint a replacement Managing Director? or were they simply replenishing the minimum 3 director requirements?

From the announcement 2nd November 2021:
re: "In addition, Mr Callaghan's proximity to the South American assets will assist Pathfinder in advancing the King Tut Project."
~ can't say it will make much difference, the announcement when he was appointed (June) said:
re: "Mr. Callaghan is currently based in the Americas affording him with easy access to our project in Argentina."
~ Green never completed his term of notice, basically left 2 weeks early on the announcement of Callaghan?

It would be interesting to know with Callaghan being appointed on a full-time basis, what full-time to the mechanisms of an ASX listed company actually means? How many hours a week does full-time equate to?
~ he is also a director of Equinox,
~ a consultant? for Interminco Services Limited, (see below)
~ Appointed (Nov 2020) to lead the management of Jadar's latin American Business (Tierra Blanca Project) ~ unable to ascertain if this is still ongoing
~ CRL appointed (15th Oct 2020) Interminco Services as Project Manager of the Santa Teresa High Grade Gold Project in Mexico ~ unable to ascertain if this is ongoing but drilling started in June 2021 - completed Sept ....

Things not in his bio ?:
~ Was the CEO at Transit Holdings, from the annual report, Callaghan holds a beneficial interest in Interminco, IMO means more than just being a consultant?
~ Resigned from Magnum Mining 4th May 2021, citing "he is unable to find the required time to devote to this role"

~ Callaghan appears to have a busy schedule,
~ Ahmad appears to have a busy schedule, Director and Sixty Capital
~ it appears Green also had a busy schedule being the Executive Chairman (part time) of Resource Base Limited, having successfully overseen the Company's ASX listing (12th July) and subsequently on the 28th September Green was appointed Executive Chairman and Chief Executive Officer on a full time basis, effective 17th November. All coincides with his resignation from Pathfinder .....
~ Interesting commentary on the appointment, non-exec Jamie Myers (ex Pathfinder) "we are delighted to have further secured the services of Green who is a highly experienced mining executive, with the additional appointment to CEO to enable an even closer working relationship with key executives and the board." ~

Management Quote "(sic) ...... Pathfinder will have the capacity to focus primarily on the development and exploration of its Argentinian assets."
One can only wonder how much focus has been going on?????? (sarcasm) and from previous posts, and progress to date ~ very little!!!
One can also only wonder why there has been a continuous flow of directors/KMP and secretaries departing ....

One more fun fact: Shannon Coates is the secretary at Resource Base

With the appointment to Manager Director ~ Callaghan is not an independent director.
Ahmad is not an independent director, ~ contrary to the Corporate Governance Council recommendations, the chair of the board should be independent, and the board should have a majority of independent directors.

cheers