While I agree the Management Team at GXY of Rowley and Tse was lacklustre at best, Once Simon Hay came on board the ball started to move on a lot of areas where no progress had been prior.
He also was instrumental in getting GXY through the tough times, keeping Mt C operating, not in C&M as some called for, introducing optical sorters etc, and was steadfast in saying that the company would stay with spot pricing moving forward.
SDV and possibly JB would likely have been funded through free cash flow, due to this.
Looking at other Li companies I find it hard to believe that GXY would not have an MC of $4.5bn - $5bn. Thats an SP of $8.75 - $9.75
Currently we are the equivalent of $7.05
I think ORE holders have been likewise short changed on their investment returns the last 12 months.
Leadership and Performance start at the very top.
Probably no coincidence that the lacklustre ex GXY Chariman is Chairman of AKE.
Let's hope they stay with the agreed timelines, and his replacement should be announced shortly.
