If the Compass Resources board was trying to bring the company...

If the Compass Resources board was trying to bring the company to its knees they couldn't have timed it better. Not only did they miss the 2007 - 2008 commodities/base metals bull market due to the bungled construction and commissioning of the oxides plant and the incursion of enormous cost blowouts and debt, but now when there are small signs of a rally/improvement in the commodities/base metals markets we are in voluntary administration and once again in no position to capitalise on that event using our nearly completed $210 Million Oxide plant...

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Quoted from Huntley’s Your Money Weekly - Overseas Market Report:

Monday 09 February 2009

Asian shares rallied to hand weekly gains to most markets in the region, with shipping stocks leading for another day and miners rising on hopes demand for commodities might be picking up.

China's Shanghai Composite rallied 4%, delivering its best performance this week, on optimism the country's economy will be among the first to recover from the global downturn. The benchmark ended the week with nearly 10% gains as stocks rose across sectors.

Japan's Nikkei 225 closed up 1.6%, South Korea's Kospi jumped 2.8%, Taiwan's Taiex climbed 2.5% and Hong Kong's Hang Seng Index added 3.6%, with each of them also posting weekly gains.

New Zealand markets were shut Friday for a public holiday.

Copper and the rest of the base metals shrugged off worse-than-expected U.S. jobs data to close near the day's highs. Growing optimism that China's metals demand was beginning to recover underpinned copper, forcing a predominantly short market to cover positions, analysts said.

Base metals on the LME finished up. Aluminium rose $33 (2.3%) to $1,468 while copper firmed $190 (5.67%) to $3,540 and nickel added $155 (1.37%) to $11,505. Zinc strengthened $44 (3.86%) to $1,184 and lead gained $41 (3.59%) to $1,184. Comex copper was last quoted at 162.25 US cents per pound.
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Could the board of directors of a Resource Company that had been awarded the coveted status of "Major Project of National Significance" really screw something up that badly or would they have to plan it very carefully...

It they had put half as much effort into successfully running the company and overseeing the proper construction of the oxides plant as they did in screwing it up we would most likely be in pretty good shape at the moment and well positioned to capitalise on any improvemet in the commodities/base metals market.

It defies belief...