Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Duluth Metals Ltd DULMF



GREY:DULMF - Post by User

Comment by rationalinveston May 13, 2014 10:17am
202 Views
Post# 22554763

RE:RE:RE:Finally Dundas is no longer CEO.

RE:RE:RE:Finally Dundas is no longer CEO.

I just spoke to Dundas.

As a background, Dundas also was chairman until 2010 and he became CEO in August, 2010. https://web.tmxmoney.com/article.php?newsid=32760010&qm_symbol=DM

Dundas is in effect stepping down again to chairman to make room for Kelly Osborne. He praises Osborne for his expertise on underground mining and thinks he is the right guy for the next company stage. As redmetal noted, Osborne is a underground mining rock star.

There will not be a new COO added because Osborne will continue his work he did as COO in his new role. There are no mining operations yet and DM wants keep the costs down so no new COO added. This confirms the MD&A note that cost awareness (finally) is high on the priority list.

PFS still scheduled for mid-July.

According to Dundas, Baker is more an operations guy and it will take some years for mining to start.

I for myself have questioned what Baker's role has been for the past years, but I don't mind seeing him go. For one it lowers overhead. I am guessing that some shareholders might have pressured Dundas and Baker, but haven't heard of anything so that's just pure speculation on my part.

I think things are clearly shaping up positively at DM, now it's up to Twin Metals.

<< Previous
Bullboard Posts
Next >>