Ando - well put and I agree.
My single biggest concern over this project is as follows:
If PB honestly truly believed in his heart and his head than Mt Peake and/or TIVAN were definitely going to go ahead why on earth would he not have bought at least some if not all of his loan funded shares?? (the $30K token gesture at 8.6c is merely that - a token gesture).
My reading of this is he either can't manage his personal finances and genuinely has no cash (he earns plenty enough cash) or (more likely) he still has serious doubts that he will ever be able to land finance and get the project up and running - KFW is acting as a broker rather than a direct financier so there is still significant risk in my view.
Just my opinion but if MP and TIVAN are that close to the pointy end he would be going all in to back himself and the project to the finish line.........or he doesn't really believe in it and is just happy taking the salary for as long as he can
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Ando - well put and I agree.My single biggest concern over this...
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