If Focus has been operating without a CEO since November, no...

If Focus has been operating without a CEO since November, no wonder nothing has happened.

Normally, you'd think appointing a CEO after such a long hiatus would indicate a step forward. This time the market is down 10% I guess the balance of opinion is that Zhaoya is will be so incompetent that the company is better off without a CEO.

With such low confidence in management, it's a matter of time before the company trades below cash again. Optimistically, let's call their cash balance (net of environment bonds which they seem to have given up on getting back) $25M by the end of the year, we're talking a further 50% fall in SP... ouch.

Come on management, realise how you can best stem the bleed (it's keeping out of the way, by the way), sell Coolgardie, JV out or even sell Laverton, and take your hands off the wheel!

If you're pissing the money against the wall (you are), return it to shareholders, it's our money.