The new Bozos, page-5

boogee

The previous management did a great job getting the CSL and other plant up and running and getting the duckhead on line. They also did a fair bit of drilling. One big wet season put them under stress and they never really recovered, they also missed a payment with MacBank which created further stress.
They then went ahead and got other credit with a revolving door but they never hit guidance and at times were a mile away from it after that. Not to mention the POG was not kind at all during different periods.
They also put in place a deal with the production company. The IO deal was going to be a money spinner but the IO corporation had an accident and destroyed the wharf. They IO deal never took flight after that.
You have to remember the SP for BDR went up over $1.00 and we were all buying and selling.
Then the big shorts took over and drove it hard and they were relentless.
A lot of people are still very twitchy with BDR.

They were a great management team to get the whole show up and running. A difficult proposition when you have a look at the terrain of that whole region.

They take credit for creating the whole show.