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xanda25

2,062 Posts.

29/07/15

16:18

Post #: 15715222
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Originally posted by jfe ↑

Xanda I see the catalysts being:
1) bulk sample permit approved (due this quarter) - getting this through will put a lot of peoples minds at ease that nothing sinister is going on with regards to permitting.
2) appointment of a new MD/CEO - James can then return to being non-executive Chairman and with Gino and Russell leaving the board and the two new top quality appointments, the company will have a "clean slate" so to speak and will have a great platform to start rebuilding the credibility of the business (likely this is still 3-4 months away)
3) sell down of a stake in GHN - this would be huge, but I suspect it will take at least another 6-8 months - Peter Doyle is running this process, I rate him very highly in terms of what he is doing for the business and I think he has a very clear strategy/idea about how what he needs to achieve and how he will achieve it.

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Thanks for your reply , looks like selling has dried up today .

ATU Price at posting: 65.0¢ Sentiment: Hold Disclosure: Held
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