If a Director/CFO suddenly resigns, whilst still within their...

If a Director/CFO suddenly resigns, whilst still within their probation period, to take on another role, how do you expect the BoD to immediately find a replacement ?

Their first obligation under such circumstances, is to comply with continuous disclosure - they have done that and as a consequence, a speeding ticket as you put it is not applicable. In the meantime, they have enough expertise within Management to cover the financial obligations necessary until such time as a proper replacement is found.

I am not trying to put a positive spin on this development - I am simply arguing that it is not necessarily a negative reflection on the Board (as everyone else has been arguing) or their strategy - it is only a negative because thats the way the market wants to perceive and interpret this. No company can do anything at all about a CFO/Director who suddenly bails within their probation period to take up a better offer elsewhere.

So that just leaves us with the role of CEO replacement which is designed, or at least partly designed, to allow Kevin to focus purely on the mining operations, recoveries, grades etc etc etc and allow the BoD to search the globe for a CEO who has the corporate skills to preside over 3 mines (at least) AND a ferro tungsten plant.

Andrew Mooney's sudden resignation is unlikely to have any effect whatsoever on that strategy

Todays "on market" reaction to this is simply one of perception - the market, like a bunch of posters, immediately assumes a massive negative is at play here so they sell - and all that results from this is that a bunch of vulture like punters have been given an opportunity to swoop down and pick up their prey for a song.

So, in short binny, I have no idea what your problem here is.