KRM 2.94% 3.3¢ kingsrose mining limited

But he retired from his director role too. And there was no...

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  1. 20 Posts.
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    But he retired from his director role too. And there was no indication in the original announcement he intended to just be a stop gap candidate.

    I thought about it some more. The most likely possibilities are: (a) the investors who took up the placement wanted Phillips gone as a condition. Or, (b) Phillips didn't want to raise capital (to dilute his holding) while the board wanted it.

    (b) is understandable. (a) is a bit worrying.
 
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