I still don't think well intentioned shareholders get it.
Even the very best IO producers globally are suffering, whoever is waiting for the 'super cycle' to pick up again and start humming in the second half of 2009 or early 2010 is kidding themselves.
Governments world wide simply do not know how to effectively target the crisis with fiscal policy and central banks are similarly confused. This slowdown will be ugly and prolonged and tiny explorers with terrible management are likely to not be around when resources are next back in vogue.
Meanwhile GWR will continue to burn cash at a rate not seen since the days of Alan Bond.
I too find it extremely perplexing that the company has not marketed the new CEO to investors and stakeholders...? When it comes to real business and results this company has got to be at the bottom of the barrel.
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