Yeah that's it bring back E. Eshuys. The man who - is suing SBM...

Yeah that's it bring back E. Eshuys. The man who

- is suing SBM for $1m
- could not reach production targets
- constantly made ambitious predictions
- raised $195m in 8-mths Jun08-Feb09 just to stay afloat

Add a multi-million dollar acounting error in Oct-08 and difficulties mining ore and you had a train wreck. The board had no option but to vote him out.

http://www.investsmart.com.au/news/news.asp?function=print&DocID=AGE110323F864P7FBK04&Action=Display

Tim Lehany comes along ... fixes the mining issues, cuts out waste, eliminates the debts, puts out a realistic 3-year plan, SBM starts hitting targets, SBM starts making a profit, and

... he now wants to make an acquisition, that has the boards approval, it's top investors approval and potentially will bring $190m cashflow in 2012-13

http://www.theaustralian.com.au/business/big-investors-back-catalpa-bid-says-st-barbara-boss/story-e6frg8zx-1226056341665


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