These guys are making the right call. Shame MMX isnt. Can anyone else see the aggressive approach by MMX re io development ( Rocklea ) is just plain wrong in these conditions.
I know im just talking to myself. !!
''Golden West loses CEO after board changes strategy''
12th March 2009, 13:30 WST
David Rose has stepped down as chief executive of Golden West Resources after less than a year at the helm of the iron ore and gold explorer.
Mr Rose, a former chief operating officer for a division of Rio Tinto, was hired in August last year to aggressively ramp-up the company’s Wiluna West iron ore project to production.
But Golden West said in a statement today Mr Rose had decided to leave after the board decided to change strategy given the global economic slowdown and associated plunge in commodity prices.
The company said it had decided on a more conservative development strategy with a focus on preserving cash.
Con Markopoulos will head the company as executive chairman.
