Source: http://www.theaustralian.com.au/business/padbury-farce-worries-the-new-guard/story-e6frg8zx-1226905122841#
Mike Young, who oversaw BC Iron’s growth from an early stage explorer into a fully fledged iron ore miner, takes heart from the fact his peers were so deeply doubtful about the Padbury package.
A few gems from the article:
“Most people I know in the industry were dumbfounded by how silly the whole thing was.
“It was so bizarre in so many ways”
“It will become part of the lexicon now: people will say ‘let’s not do a Padbury’.”
“I think most people will see (Padbury) as an isolated case of muppets,
on the way back up 50% today, page-152
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