re: dead but not buried
RPM's directors pay themselves at the bottom end of the scale. But to me that is how it should be as they have done little over the last year to advance our cause. They have just sat and hoped that the current PELs will come good. But admin costs are pretty modest compared to ITC
VPE's operatorship of Sth Aust permits to me has left alot to be desired and is exemplified by the probable formation damage that has occurred to Growler and the disappointing flows after fraccing of M3,4
I am pleased that Santos is operator of Tomcat but also disappointed that that RPM will be down to 10% of a successful well.
But, with 'only' ~180m shares on issue i see there is still hope for us.
Part of the issue with directors is that they own very few shares. Its only Siller that has a substantial holding. (8m) Mr North has none. So what is his incentive to get RPM going. ...Not much. That is not to say I want them issued with freebies.
At this stage I am hanging in for Wirraway and Tomcat. N
RPM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
