The Bergen deal coincided with Simon joining the Company as an advisor.
Other highlights of his tenure:
1. Sold Raffles, Hudson's, Dawkins and Meers shares in Mount Adrah to SOC at a valuation of $10m without an independent valuation.
2. Sold SOCs shares in PMR (now FCG) to Hudson Corporate for 20c when they were trading at 31c.
3. Sold 2 board seats to GTT.
4. Promised a JV for Mount Adrah which didn't happen.
5. Promised a fully funded drilling campaign for 2015 which didn't occur.
6. Appointed Patrick to the Board after he sold 8% of the Company on market without giving substantial holder notices.
7. Exited the Company leaving the Board consisting of three directors of GTT.
I think we are better off without his help.
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