Management is starting to remind me of WMC near its demise.
Some top quality assets (Cadia, Gosowong), some dumb acquisitions never really put to bed (Lihir, PNG), some assets never maximised (Telfer) and some dud investments (Fiji).
Think a new broom is required to get rid of arrogance and back to good mining practice.
It may hurt in the short term, but the patient should come out in fine shape!
Cheers, TAS
