If anyone is attending, please ask the directors and not Frank how they intend to fund the next stage, which is getting the ore into NSTs plant. Ord does not have sufficient cash at bank to do this at present. Do not allow Frank to answer as I am one who is sick and tired of the garbage he spins. There are times where I have wondered if he should be reported to the ASX for the manner in which he subtly misleads us with his commentary in the ASX announcements.
The second question to ask is one directly to Frank. Have him explain why the stock has continued its decline under his leadership and ask him to justify why he should be paid a salary that in no way correlates to his performance. Frank must be solely held accountable for the demise of this company and he should be ashamed of the cash he has taken home along the way. He is selfish, greedy and does not care about us as shareholders. If he did, then he would have taken one for the team either by way of a 50% cut in remuneration or by resigning. He never shows any remorse and I often wonder how much money was wasted on the failed takeover of Dampier. It is too difficult to determine this from the financials but I imagine the cost would have been in the hundreds of thousands of $s. Again, more cash wasted on frivolous activities at Frank's whim, just like the proposed name change. How much will that cost the company?
VAN Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
