sxg, page-4

Board I think will be overseen by trailstone as major financier so thats not an issue I am sure when they get into cash flow they will be able to attract A-grade non Exec's from the sector.
Terranova mandate was to turn polymetals into a real (public) company and hand over to operations team - company too small to pay him to sit around for 12 months and introduce extra layer of management and wait for development assets to come on line for next suite of deals - I get feeling SXG was 5 minutes from falling over before Terranova and Polymetals involvement thanks to the RMB$7M debt they inherited - This is trailstones first deal in Australia - they can't afford it to go sour ??