Michael Kiernan should be a pretty safe bet I reckon since he owns 11% of the company.
He has a great track record. He was extremely successful with manganese producer CSM.
the return on equity for that company was brilliant.
He seems to be a real can do active CEO. Always doing stuff.
Gold seems to be his undoing. Hasn't hit his targets.
Not making money fast enough to pay wages. Had to do a capital raising. Investors seem to have lost faith with him only 15% taking part in the rights issue. Had to get TTY to chip in the result. Only about $600,000 in the kitty.
The gold price seems to be crashing. Wonder if he can get enough money in time to keep this show on the road?
If you have faith in the man, the shares are looking cheap. If you don't, the shares could be worthless.
the question is capable of pulling this off?
He is already has a heart condition, hope this doesn't make things worse otherwise he's a goner.
Michael Kiernan should be a pretty safe bet I reckon since he...
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