With Michael Stone now in charge, IMO, the current management is very different from when you and I both invested in the company. While previous management did a good job of getting the company to where it is now, Michael Stone and his crew are exactly what the company needs to take it to the next level.
As has already been posted, Michael Stone is known for his highly profitable investment in Herbalife in which he is rumoured to have made approx. $1billion. As he has invested his own money into Austex (as opposed to the investment and management of customer funds), I am quite excited by what he has in store for the company.
The recent exercise of his options, together with Nick Stone and Kwang Zhou Hung, is another big vote of confidence in the company and indicates to me that everything is still going according to plan.
Exciting times ahead IMO. And with oil prices as high as they are, our infrastructure to the north nearing completion and the overhang of the convertible notes coming to an end, the stars appear to be lining up perfectly for some serious share price appreciation.
All the best to all shareholders.
AOK Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
