RE:RE:RE:RE:RE:RE:RE:RE:Whats going on with Probe Metals?? It is the conflict of interest that was the most disturbing. Probe or Angus, has dealt with the situation with Seema Sindwani. It would seem that the Probe board actually paid attention to the concerns of shareholders and concluded that this is not an appropriate or ethical situation.
I don't think her activities have that much of an impact on the company in comparison to the strategic contributions of Langlois. This was the smaller of the two moves to be made. I do expect to see something done about Patrick as well - this was the much bigger conflict in my view. I agree that the loss of Patrick would not be good but I remain firm on the view that holding the position of President and CEO of Angus while extremely well paid as VP Corp Dev is a huge conflict of interest and should be addressed.
Until all of this was brought to my attention, I was more or less satisfied with the activities of the management team although not the stock performance. That has always been the way Probe stock has performed until they hit high-grade in Borden, then the take-out. It has always seemed to lag behind the price of gold and its peers without fail, with little gain from press releases no matter how good.
The price of the Angus stock was not as much a concern as the level of activity from a supposedly dormant company. Now that they have completed the flow-through financing, that will go to a whole new level. I believe that Patrick should remain focused on Probe or Angus. One or the other. He is paid far too much to have a side gig as a CEO at another active company. I guess it's up to him in regards to where he wants to focus his attention or better yet, the Probe board.
I am very happy with the increase in the share price - I hope it holds. I am even happier that Angus appointed a new CFO. I will be ecstatic to see Patrick Langlois resign from Angus and go back to being 100% focused on Probe and earning that fat salary, options, RSU's and bonus.