When should a CEO step aside, page-8

Angor Gday

GC Wally...Whoever it is

do we honestly think its them

Since Wally on board stock down 75%...what's he done?

will a new candidate change the co. direction and reverse the co. fortunes?...probably not

this is global macros...This is in somewhat out of the companies control...every other peer in the same bumpy waters

banks may just not lend to a virgin iron ore play in Africa seeking multi billions when all macro factors are against it....we couldn't do it in the boom...hard to see it in the bust

its like rearranging the deckchairs on the Titanic