RE: Great Value - 2p coming18 Sep 2019 10:05
08:37
As a PB fan I am sure that you were supportive of DW doing a deal with him, Sure you know that the HRZ project was very much inspired and led by Paul plus presentations relating to HRZ were in majority actually written by him, after Paul's untimely death DW was left alone, with a flow test still to complete and not enough funding to begin a conventional drilling programme, the fact that he has negotiated a conventional FO is due to his lease buying activity (despised and derided by many but you have to have the leases to drill!) and he is still furthering the HRZ programme in probably the most efficient manner possible at the same time seems to count for nothing.
Yes he earns a salary but the AUD$900K figure quoted by some was never true and in reality the majority of was in options that have never been fully taken up.
Suggest you look at the BDO Aim directors report or similar for ASX and see where he compares, remember if you only judge on SP performance in a cyclical business like this then most BOD's in AIM would probably topple.
My eyes are wide open, I know the risk that is why I have de-risked when opportunities have arisen, still have a decent holding and amazed at derision I get from some corners for admitting I sell on spikes and buy back low, thought that making money was what we buy shares for :-)