I don't know much about the board of NTU but I have met and talked to Geoff E and found him to be a down to earth sterotypical NT gentleman. What was interesting was the number of Geologists and mining specialists that made a special effort to speak to him when I saw him speak and had a drink with him afterwards. All without prompting they showed what appeared to me, to be genuine respect towards Geoff.
When I have spoken to him he never showed the need to belittle me in any manner though with his knowledge of geology he could have easily done so. He has always taken the time to answer my questions when allowed to do so and has stated when it was not able to do so and the reasons why.
Geoff strikes me as a man comfortable with his own intelligence and ability that he doesn't have to prove a thing with respect to himself. What you would call a great bloke. That said the impression I have is thal he is driven to show how good the CUX resource and not that I am privy to any more info than any other SH, I believe when he can do so under the ASX rules he will.
If you get a chance to meet Geoff I would highly recommend taking the opportunity. If you get a chance to do so in Melbourne I'll meet you there and shout you a drink. It would be good to meet you too.
What I have found interesting is the two different approaches between NTU and CUX. CUX has raised $300,000 to tell the story of Charlie Creek with the knowledge of an adequate resource, and the scoping study. So they have all the dots joined and will have promoted them before going to the market to get the funding to go into production.
NTU on the other hand has sold the farm to go into production when it would appear that they haven't got the resource yet to justify that production. I would have thought that it would have been wiser to define a resource which was viable and then go to the market to get the finance to get to production. I would have also thought that the SP would have increased with a viable resource and logically there would be less dilution if they went to the market at that time.
I know which management I prefer, but what would I know?
DYOR
Cheers,
Stoops
CUX Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
