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On 17/12/2018 Post No. 36885069 Catalogue announced that he was...

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  1. 322 Posts.
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    On 17/12/2018 Post No. 36885069 Catalogue announced that he was nominating for the BOD at the spill meeting. There was no disclosure that he was a current director so one must assume that it is Mr. Trevor Kelly.

    On this Notice of General Meeting/Proxy Form the Explanation on Resolution 4 Mr. Kelly states that he had stepped down from the Board due to a potential conflict of interest. He then goes on to state that during his time on the board
    " I had been instrumental in the development of a Pre-Feasibility Study for the project. From this I developed a Risk Mitigation strategy that would become the Feasibility Study".

    There are answers needed as to Mr Kelly's qualifications to perform this task, as nowhere does it state that he has accountancy, economics nor dairy farming expertise in fact no other facts what so ever.

    In the Fiji Sun on 27/12/2018 Sheraton Fiji Resort and Westin Resort have just signed a new 99 year lease for $8.75M which was regarded as a premium. Why then are Pacific Dairies Limited pay $5M to secure leases at more than 1/2 of what a massive revenue producing project is.

    The so called Feasibility Study on the Fiji project must have so many holes in it that it will sink before it gets off the ground when you take into account the Sheraton/Westin deal.

    IMO DYOR
 
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