Ann: Change in substantial holding, page-56

Geoff Davis was at the helm of this ship when they decided to upgrade to a 50,000oz a quarter operation. He's as much to blame as the idiots that are there now.

My question is, where to now?

No real commentary, sacked 1,000 staff, the bank balance looks shaky, and the plant obviously needs work.

Should this company just be valued at being a producer of 70,000-80,000oz?

If that's the case, then a market cap of $270m is over the top.

P