On the one hand, the bar is not set too high when we speak of Mr. Villarreal 'helping the BOD.' $50M spent, no wells drilled to completion, food businesses bought and sold, etc.
On the other, he arrives as a result of the proposed acquisition of entities in the US affinity credit card, medical waste technology distribution, and mortgage businesses which do not suggest obvious BOD skills for a company in the Tasmania oil and gas exploration business.
And, consolidating the other thread, his central US political and union skills do not seem helpful in obtaining NA gas flare technology business (mostly gulf and south based) -- assuming of course that EEGC was in such business, BUT (ok, boring for me to keep restating, but doesn't seem like it has registered) there is no evidence of EEGC having any rights to such (competitive) technology, and even if it did, it is a long way from market if it requires $300M to commercialize.
Net: IMO, Mr. Villarreal is only helpful if the company decides it is in the new businesses, not oil and gas -- a self-fulfilling pronouncement absent additional funding. Maybe some foreshadowing here?
Meanwhile, the stock is back at pre-Sure Capital announcement levels; hope no insiders have sold in the interim.
AI
