RE: Ian Stalker1 Aug 2023 08:15
We need to know how much of the available funds have been spent on this rig.
Ian Stalker was the only board member to own any shares with his 11,251,343. The next highest was David Minchin with 300,000. I don't think that Lorna Blane has any as she didn't appear to participate in the recent placing. James Smith, the new Chairman, held 140,000 shares as of the last placing - which does not show much commitment.
Of course, it will be interesting to see if he buys any more to accompany his much higher salary. NED's are usually only paid a few 10's of thousands while a Chairman will earn several hundreds of thousands.