"signed up to get us in the position to have our backs against the wall"
Mate, he signed an industry-first debt financing arrangement with a huge multinational pension/asset manager.
Was he supposed to anticipate COVID and Castlelake's portfolio exposure (aircraft leasing)? Or was he supposed to raise the money by diluting all your shareholdings with 5 billion shares on issue?
He could have handed the keys to Castlelake and walked away. He didn't, he fought for you and now you have a new opportunity.
Can I suggest to you that the Company not being liquidated and your shareholding being kept intact (going into bat for holders), while picking up two great new projects in a hot commodity and raising the money for them...demonstrates GPX has a pretty good MD.
MVL Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
