UMC 0.00% $1.30 united minerals corporation nl

ocean moves on, page-15

  1. ACB
    4,958 Posts.
    if that's the case, it's a shame they didn't recognise their shortcomings, take a step back and get the right people in place - the ego would have taken a slight deflating but the wallet would have been much fatter for them - and all of us - in the long term.

    Knowing what we know now, I assume Sten left because he quickly figured his services wouldn't be required actually project managing the mine.

    Just shows quality of management is probably the number one investment criterion, you can make ordinary assets good, but bad management can make stellar assets very ordinary.

    Learning experience. Not always easy to judge director quality though except in hindsight.
 
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