Was tipped this company by my accountant recently and was wandering what others think about its prospects. I was told that they have exploration licenses in Tasmania and Papua New Guinea and have found significant reserves of both AU and AG and various other base metals thus far. They have 10million cash in bank and a market cap of 57 million but the share price seems to be weak even though AU which looks like there primary focus is still at or near historic highs. Does anyone out there know much about this company and why its value has halved over last few months????
One of the principal investors has an interesting background. Ms. Paige McNeil B.Ed, Grad Dip ACG, GAICD Company Secretary Frontier Resources ltd Perth Area, Australia Mining & Metals Current Executive Director at Quintessential Resources Ltd Company Secretary at Frontier Resources Ltd Founding Director at Kanon Resources Ltd see all... Past Company Secretary at South Pacific Minerals Corp Education Australian Institute of Company Directors Chartered Secretaries Australia Edith Cowan University see all... Connections 28 connections Ms. Paige McNeil B.Ed, Grad Dip ACG, GAICD's Experience Executive Director Quintessential Resources Ltd Mining & Metals industry February 2010 Present (1 year 5 months) Quintessential is a mineral exploration company exploring for Gold and Copper in Papua New Guinea. Company Secretary Frontier Resources Ltd Mining & Metals industry January 2006 Present (5 years 6 months) Junior mineral exporation company focused on gold and copper deposits in PNG and Tasmania Founding Director Kanon Resources Ltd Mining & Metals industry April 2003 Present (8 years 3 months) Founding director of Kanon Resources, a privately owned mineral exploration company focused on gold deposits in Papua New Guniea Director & Company Secretary Exploration & Management Consultants Mining & Metals industry June 1997 Present (14 years 1 month) Company Secretary South Pacific Minerals Corp Mining & Metals industry September 2004 December 2006 (2 years 4 months) Ms. Paige McNeil B.Ed, Grad Dip ACG, GAICD's Education Australian Institute of Company Directors GAICD, International Company Directors Course 2008 2008 Activities and Societies: AICD Chartered Secretaries Australia Graduate Diploma in Applied Corporate Governance, Corporate Governance 2004 2006 WA Dux Applied Corporate Law 2004 WA Dux Corporate Administration 2006 National Dux Corporate Administration 2006 Activities and Societies: Associate Institute of Chartered Secretaries and Administrators Edith Cowan University Graduate Diploma of Education in Training & Development, Training 1998 1999 Activities and Societies: Alumni The University of Notre Dame Bachelor of Education, Education 1995 1996 Activities and Societies: Alumni Edith Cowan University Bachelor of Arts, Education 1990 1992 Activities and Societies: Alumni Ms. Paige McNeil B.Ed, Grad Dip ACG, GAICD's Contact Settings Sauce: http://au.linkedin.com/pub/ms-paige-mcneil-b-ed-grad-dip-acg-gaicd/10/687/b38
Hubby ? ALCYONE RESOURCES LTD (AYN:ASX) LAST A$0.10 AUD CHANGE TODAY +0.002 2.06% VOLUME 8.0M AYN On Other Exchanges As of 2:10 AM 06/10/11 All times are local (Market data is delayed by at least 15 minutes). SnapshotNewsChartsFinancialsEarningsPeopleTransactions OverviewBoard MembersCommittees EXECUTIVE PROFILE* Robert McNeil BSc (Hons), MSc. F AustlMM Chief Executive Officer and Managing Director, Alcyone Resources Ltd 8 8 Age Total Calculated Compensation This person is connected to 8 board members in 2 different organizations across 6 different industries. See Board Relationships 71 -- As of Fiscal Year 2010 BACKGROUND* Mr. Robert Donald McNeil, Bob, B.Sc., M.Sc., FAusIMM., Co-founded and has been Chief Executive Officer of Macmin Silver Ltd. (Formerly, Alcyone Resources Ltd.) since May 2008. Mr. McNeil serves as Acting Chief Executive Officer of New Guinea Gold Corp. Mr. McNeil served as Chief Executive Officer of New Guinea Gold Corporation from May 22, 1998 to October 2010 and served as its President from January 10, 1997 to April 15, 2003. He served as Managing Director of Macmin ... Read Full Background
My general opinion on juniors: They'll burn through that cash by paying their board unjustified salaries and never become productive. It's the usual story these days, with everyone jumping in on the mining boom for a quick buck. Specifically to FNT: So they've been around since 2003, but it seems they haven't gotten anywhere. Capital raisings and SPPs every few years with no results. They'd have to do much better to convince me at least.
For what they have, and the stage they are at, and the conditions of the market environment - its a no from me, untill at least they show some serious intentions to be productive
I was talking to a good friend of Paiges last week and we were talking about Quintasential. I will let you know this first (I know nothing of shares) Paiges husband has tort her a few things and Paige has taken on Quintasential as her baby. Apparently the lease she holds is near or between two other major mining company's and she has been approached to do a joint venture but they wanted to control the job but she didn't want a part of it. I thourght that there was alot of copper and gold? I think Paige is floating quintessential in the future.
