Needs to be a bit of understanding who the guys at the top are. Most mid tier mining companies have evolved from small float of exploration companies - their boards and management are populated from the west perth boys club. They are not head hunted from around the globe. They are often out of their league when it comes to dealing with financing, and all that goes with the change of exploration to production etc. not making excuses for them as most won't accept their limitations. Just how it is. These guys were being praised when the IO price was high and seemed to go on forever - but now being vilified for the reality of the situation. They should take the blame for not having the foresight etc. and particularly for not running a tight ship, but the commodity market has nothing to do with them.
GBG Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
