Klaus has been involved in the company since about 2012. He was promoted to the top honcho in charge last month with a 20k a month salary and was issued 1 billion performance rights in last weeks shareholder vote. Alot of Australians were salty about this, since they burned through millions of dollars claiming they pay their workers, drilling, and testing but had nothing to show for it and they continue to pay management huge bonuses. Hence the price. It was around $1 per share years ago and the shareholders took a -98% bath.
The sentiment in Australia is very poor for the company but many claim this is the floor (0.001-0.002). And since there's a new management change the outlook in the States is better. The Chinese are still in the mix paying their board members with shares as well.
Everyone hopes they start drilling soon but with the debt they have it seems tough for them to get funding to drill.
Klaus seems to be experienced and a smart guy but he can't do much without some larger investors funding the next drilling campaign