It looks like the board have collectively reassessed where they stand and perhaps Richard felt obliged to stand down as it seemed he was the front man responsible for delivering the CAPEX.
Maybe they have had second thoughts about their current direction and perhaps even conceded that they got it wrong. Certainly the markets think so as the SP speaks for itself.
The thing I'm taking out of this is that the board actually does care about Speewah...enough that management are willing to step aside for the greater good of the company. Tomorrow there will be a flicker of hope where yesterday there was total darkness.
All the best to Richard in his future endeavors...
SPM Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
