RSG 2.56% 60.0¢ resolute mining limited

Think you've likely he hit the proverbial nail on the head here....

  1. 349 Posts.
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    Think you've likely he hit the proverbial nail on the head here. I was once a long term holder and did more than OK out of RSG , but for me the cracks started to appear a couple of years back after I had had a chance chat with one of their key engineering people at a dinner in Perth. He initimated that a number of bad decisions had been made around the Syama mine and in the meantime many of their critical people (and directors) had been let go or moved on and replaced with Yes people. With JW I think its likely his way or the highway. That kind of autocratic leadership is OK if everything goes well, but if it all goes to s....., which at this moment and the past few years it has, then you have to be prepared to move on tor fall on that one sword you hold.
 
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