I`m was a very old geo, ops manager, broker, fund manager now I am just an investor.
No not all of segue ground is rubbish. But whats the point of keeping a company alive and seeing the SP drop to the lowest price possible? Where is the wealth creation there? BTW he has been there 6 years and seen the share price drop by over 90%.
Geos can be MDs you know I was one and there are plenty of examples. I will ask again what does an accountant do all day for a minnow of an exploration company? I know the answer and it would not be much that is adding value to the company (i.e. working the ground). As a geologist you should realize an accountant does not know much about exploration and thus is next to useless for a company such as segue. Money is tight so why pay an MD and a consultant geo when the MD should be doing the work?
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