...this is stuff a gold stock investor never signed up for- human folly.
...CMM has sunk almost -12% the past month.
...obviously no such problems with physical Gold. Capricorn boss quits; aggravated assault charge dismissed
Mark Wembridge
The chief executive of gold miner Capricorn Metals has quit despite a West Australian court’s decision to dismiss a charge against him of aggravated assault.
The ASX-listed miner said on Thursday that Paul Criddle would leave Capricorn immediately “to allow him some time to focus on personal priorities”. Executive Chairman Mark Clark will assume CEO responsibilities.
Criddle was quietly stood down from Capricorn last month after he pleaded not guilty to the aggravated assault charge in a Fremantle court.
Shareholders were not informed of the situation until a week after Criddle’s court appearance. Capricorn said it would re-hire Criddle when he was ready to return, although not in the CEO position.
“When Paul is ready to resume work, and subject to Capricorn’s usual employment conditions, Capricorn intends to negotiate a senior role for Paul with a focus on leading the company’s project development.
This would be a positive outcome for both the company and Paul,” the miner said in a statement to the ASX.
Criddle remains a director at Canadian miner Taura Gold. Perth-based Capricorn operates two projects in WA – Karlawinda in the Pilbara and Mt Gibson 280 kilometres north-east of Perth. The company has a total resource base of 4.4 million ounces across the two projects.
