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Marion looks like a very good appointment. Very experienced. Brings some credibility in my view.
@death have you banged your head!!Something positive i hear you say
Despite what many like to think I am sceptical but not unreasonable.
She must have visibility on near term financial survival to take up a board position. Would have preferred to see some retirements to coincide with new appointments as now a large board and not clear what others bring to the table.
Good appointment, a distraction (?), I'd half-hoped on the headline that it was the Prof stepping down to take a more backseat role on the board.
Not a price-altering announcement, yet.
Huge appointment. Read between the lines. If you can’t see the major coming now, you have blinkers on!
Don't know about a major coming in but certainly looks like a placing might be !
"Her time with Barrick included 5 years as Vice President – New Exploration Opportunities where she had specific responsibility for identifying, reviewing and securing new operating districts for Barrick through multiple and innovative earn-in agreements."
I wonder if she's spotted a new opportunity?
Things are going to get very interesting here. You don't bring in a former director of global exploration at Barrick Gold unless you're looking to do a big deal.
Indeed that's how this looks. Out of interest, how do these new employees get remunerated?
Who knows? She could get share options for helping to secure major new JV partner.
A tiny company like CGNR doesn't bring the likes of a former head of exploration at Barrick Gold on board unless there is something very big in the pipeline. If the big hitters join, then you can be sure the money is coming. One thing for sure is that shareholders have been made well aware of whats coming.
This is a NED position, these guys get paid for turning up at so many meetings a year - it's not an executive director role.
I honestly wouldn't read too much into it. If it was a full executive board role I'd be more interested.
Well I am going to read something into it if you don't mind. This is someone who probably knows all the right people in the big gold miners including Barrick. The perfect person to have on board when you want to do a JV with a major gold miner.
Howard Bird is identical and arrived off the back of KDR appointment then onto GCNR
Could Mr Bird be acting for a Major and Marion for another Major ?
Due diligence?
Its possible ?
Interestingly, I'd thought with his diamond experience that he may have dated back to Conroy Gold and Diamonds (remember that success???) but transpires Mr Bird was appointed way back in the mists of 2020, just after the potential JV with Anglo Asian was announced...
What scintillating success CGNR has had since that date...
DYOR
Why has progress been slow? Would it be perhaps that Demir took forever to do anything? Next we get a partner that actually wants to develop mines and it's game on.
Non exec residing in Melbourne. Of little use really. Sure she can introduce some folk, but they'll conclude what Demir did. No economic mine here, and it won't get permission anyway.
Mind you, the appointment does make it easier for Prof to get Tim nice but dim to put that million quid in, in return for 25% dilution.
"She is also a past board member for the Prospectors and Developers Association of Canada (“PDAC” - 2014-2017) and TSX-V listed Reunion Gold Corporation (2019-2022) and is a current member of the PDAC Geoscience Committee, Society Economic Geologists, and Australian Institute of Mining and Metallurgy."
Someone that knows a good gold project when she sees one.
Someone that knows how to land a good fee-paying role ...
Yeah whatever you say. No way does someone of that calibre join a nano cap like cgnr for NED fees.
It doesn't appear that Mr. Bird has done much apart from attend half the board meetings (by phone?) and get paid €10k a year in fees. That said, does Conroy even pay its directors?
The Company had cash and cash equivalents of €53,136 at 31 May 2023 (31 May 2022: €964,997).
The Directors, namely Professor Richard Conroy, Maureen T.A. Jones, Professor Garth Earls, Brendan McMorrow, Howard Bird and former Directors, namely James P. Jones, Séamus P. Fitzpatrick and Dr. Sorċa Conroy, have confirmed that they will not seek repayment of amounts owed to them by the Group and the Company of €3,046,692
Annual Report 2023
We're looking to do a deal with a major gold company. We just appointed as NED a senior executive from I believe the world's second biggest gold miner. To me that is a very positive sign.
If I saw the NED buying a significant number of shares, rather than just collecting a quarterly fee for the use of her name on the company's NED list (which is what most NEDs basically do) then I'd view this differently...
Why is she going to buy shares when she could be given shares for taking part in JV talks.
Erm… conflict of interest ?