I’m not trying to sugar coat it, but we don’t know yet why the sudden shake up and they haven’t announced a replacement CEO for Dano yet, the two appointees are non-executive directors with finance experience, I know nothing more about them yet but every board needs some people with finance backgrounds and Id see these appointments as interim only right now. The big thing to look out for is who comes on as CEO and what their experience and suitability is. They would no doubt bring others better suited on board too. If the shake up is something to do with the project and potential itself that’s concerning because it means we’ve been sold on potential that never existed to begin with. I just find that hard to believe at this stage.
MGU Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
