MYL 0.00% 70.0¢ mallee resources limited

Ann: Voluntary Suspension Extension Request, page-22

  1. 6,913 Posts.
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    Fair enough. I have a different point of view on that

    Prior to this job, I don't think John Lamb ever even had a job as a CEO or MD of a mining company. In previous positions, he had managerial type roles in mining companies. He specialised in mine restarts and managing staff and operations. This was an Ok fit for the Bawdwin project. Are these same skills required now, considering we have no operational staff and will not restart the mine? Let's be honest with ourselves - no they're not.

    Yes, the company can (and seemingly has) engaged some unknown person to try and broker a sale of the company's share of the project. This person will presumably operate under John's oversight and direction. Personally, I'd prefer an experienced CEO who a proven track record in negotiating these types of sales, and (ideally) strong connections with the Burmese junta / Chinese business community. They should be ytaking the lead on this (not some contractor). They can bring in whatever extra assistance they need.

    Anyway, none of this has anything to do with the point I made about needing to give shareholders a more substantial update on the company's thinking and contingency planning.
    Last edited by Protagonist: 10/06/21
 
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