If things are not sorted by the time he arrives I doubt if GBG will have much of Karara left. He will also have little influence on Karara decisions. Apart from that many a top man in big mining companies have very real problems when they get into this situation. They don't have the large engineering staff etc or funds at call to fix problems. They are also firmly in the spotlight, problems are easily hidden in big companies whilst the rest of the company keep on printing dollars. Good luck to him, only reason I can see for him to want to be head of a company with a 38% interest in an IO producer which only produces 10mpta, no other decent assets or real money is ???? I'll let you figure that out.
GBG Price at posting:
12.5¢ Sentiment: None Disclosure: Held