Sounding like MA wasn’t on top of operations. Also sounds like some of the contractors were taking the pi$$. Also a case of it’s easy spending someone else’s money. AC looks to have personally taken charge. This was his baby and his comments about the ore body suggests he still believes. Somebody from West Perth needs to be over there. The board and CEO resignations were to reduce costs? Furthermore it sounds like MA’s position was untenable given all that is now disclosed. I sense from this report that AC isn’t happy.
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held