I'll start by saying this post is purely my opinion only, based on observances since 2011 and having met and spoken with Hill-grove's last 3 CEO's.
I can not agree at all with your view js2010copper. I believe that without Steve's appointment the company would have folded a couple of years ago - it was that dire. His appointment as the first leader of the company with actual hands on mine experience was the best move the board has made. he had a no nonsense approach and was not afraid of the hard decisions that were staring the company in the face. before his appointment we were wasting money when/where we could ill afford to. We had an expensive office in Sydney with an equally expensive staff payroll. Steve trimmed that to himself and Paul Kiley in a no frills office nearer the company's operations. He also spoke from a position of knowledge and respect. He also implemented numerous cost saving measures at the pit .
I, for one, am very disappointed at losing him. At least Lachlan has worked with him at close quarters. and steps up from the same position. I am guessing that someone with underground mining accumen/experience will be an immediate requisite, given the prioritized near term targets.
respectfully, Foyt
HGO Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
