Hi fellow investors / shareholders. Just picked up a 22/12/14...

Hi fellow investors / shareholders.

Just picked up a 22/12/14 announcement that I have heard little about. I would appreciate some quality feedback on the IN's and OUT's. I am a keen fan off MUM and considered buying in again at 0.002. My broker talked me out of it.
MUM.AX is now 0.004 on very thin vol. Am keen to pick up some more.

Please comment on the IN's and OUT's, but please only if you have constructive accurate comments.

Many thanks,

Gracie

ASX Release: 22-Dec-14
Mount Magnet South NL (ASX: MUM)(“the Company”) wishes to advise that Mr Patrick Flint and Mr Mark Pitt have resigned from the Board effective from today. The Board would like to thank them for their contribution to the Company.
In their place, the Company is pleased to announce the appointment of Mr David Leavy and Mr Michael Fennell to the Board.
Mr Leavy has 25 years experience in debt and equity finance, corporate development and financial markets. He has previously held senior executive positions for African and Australian focused mining companies, responsible for corporate development, internal controls, acquisitions, governance, commercial, legal and financial risk management.

Mr Leavy has a Bachelor of Economics and Masters of Applied Finance. Mr Leavy’s most recent role was acting as advisor to Allotropes Diamonds, providing advice on funding the development of their Sierra Leone diamond project, resulting in their acquisition by Newfield Resources Ltd (ASX:NWF).

Mr Fennell has been in the stockbroking industry since 2008. Mr Fennell’s role as an Investment Adviser included providing advice to high net worth investors and private clients. Mr Fennell has completed a Bachelor of Commerce in Accounting and Finance from the University of Notre Dame. Before that Mr Fennell served in the Australian Defence Force for 10 years.