I work in the Australian mining industry so yes I understand the risks .I am not blaming Maranteli for the drill results like the other punter you mention ,and yes he is only one man but he is the one who kept persisting with keeping Nifty open.
He knew the shift by shift production rate as he gets those report daily after the morning production meeting everyday.We not only hadnt meet our self imposed production rate of 35,000 t/ yr and the cost blowout was mounting high.Thus isnt after 3 months after aquiring the asset , its after 3 yrs amongst which he was the top man for 1 yr .Previous COO Alan King and MD Warren Hallam had " resigned" last yr misteriously at the same time too.Mr. Hallam went on to be the MD of 2 different company after Nifty and both of those company are liquidated .Go figure.
MLX Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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