Could be a case of:
1. New non exec director coming in and throwing his weight around.
2. Tony Treasure putting some pressure on MR to get the company back on track with cash flow or retracting support.
3. Last production results from fossey were not as expected and hence re-evaluate operational strategy.
For the long term and for long term holders out there, I think that Bass should do such a review to get back on track rather than take a 'business as usual' approach.
Operations, cash flow and capital raisings all need to scrutinised at this point. Maybe this would be a good chance for them to take a more wholistic view of the business model (in particular with current metals prices) and take a long term approach.
trading halt, page-5
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