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Phoenix Water - PXW - Lithium - 100x, page-2511

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ausinvestor01

376 Posts.

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25/02/25

20:50

Post #: 78022661
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Nick's obviously confident putting out an interview at this point in time!

Originally posted by OneGoodTrade: ↑

From 48 minutes onwards......

What is the genesis of launching own family business? His response in bullet points

- "I'm 58 now"
- "You have to sit back and enjoy what you created"
- "I don't want to be a business manager as I'm now working 7 days a week"
- "As Pheonix develops and we potentially exit out of the business, I would like to look in to some passive incomes."
- "Coming out of Phoenix I like to look more into passive income and philanthropic work."
-"Going from wealth creation to wealth preservation phase, creating legacy for family."
-"I'm backing of from being so aggressive".
-"I want to enjoy time with family thats why set up family business."

My assessment:
What is the meaning of backing away from being so aggressive? Looking at his age he clearing wants to sell Phoenix so he can sit back relax and enjoy the wealth he created. In the past he may have been aggressive about the valuation selling Phoenix. But now he is backing of the paddle and trying to transit away from the Phoenix. He may not be as aggressive as in past and may try to push the deal if anyone will be interesting.

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