Of course he would have known the company's position of cash...

Of course he would have known the company's position of cash reserves and hat they were in dire straits he would of also known that the company needed to raise funds to continue, an the BoD's are no bloody good that's a given.

What I am saying is the bloke even knowing all that took on the job, his not going to do that to be known as the last mohician standing to close the doors, his come back to Queensland to work and must have seen the potential in Sconi to take it on, he has also looked at the MHP side an could see it was not favourable to Auz and only suited LG or the BoD's t the time to continue their feeding from the bins.

Sconi will be mined one day hopefully the CEO makes the necessary changes to the Boards structure by removing Ramsden Marinelli an Co with the help of shareholders and that will then get confidence back into the company for shareholders, if he can get that done in the next 12 months there's no reason Auz won't prosper from good leadership, so imo give him 12 months to sort out the mess and see were it goes things couldn't any worse could they unless the same board remains.