Totally, the outgoing chairman and his other, now defunct,...

Totally, the outgoing chairman and his other, now defunct, directors did no work and just milked this company over the last couple of years. Glad to see the back of them.

This project, and stock, will work if the new directors commit to the vision of building this up into a $1-3bn medium sized multi-project iron ore play. They have work to do to convince investors of this, as there are quite a few question marks about them in the market in other projects where shareholders have been hung out to dry. However, Tolga taking the chairmanship is a step in the right direction. However, I was a bit surprised not to see a quote from him in the annoucement.

I think Tolga needs to come out and make a statement about his vision as to how Macro is going to be built up for shareholders in coming years, and his commitment to the programme.