I don't think you can blame Gooding for as you state, "running it into the ground" This was caused by previous management decisions. Kainantu mine had to be sold as the hedge book and debt was going to crucify the company. Gooding was brought in when the company was already in trouble (May last year). Gold production was increasing after he took over but the huge gold price could not be taken advantage of due to the hedgebook (which was negotiated well before Gooding's time).
It is true that the market is not recognising the two projects of Frieda River and Ramu. Ramu is due to come into production in 2010.
All juniors are suffering in this current climate.
HIG Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
