I can not believe that some people on this board are still defending DG. His actions are in defensible!!!
He was the MD, the Captain. He let the shares slide 65 percent without even an update to the market. Surely, after stuffing up the first drill, this would be an obvious move.
Them to bail out and sell 54 million shares before an update is IMO, criminal.
To stop drilling at 620m on hole MRD0016, especially after they have encountered magmatic sulphides is unthinkable. THE PLANNED DEPTH WAS 800M.
This guy has not only lost his reputation but he has cost MRD shareholders more than 10 million with his incompetence. Probably a lot more.
Yes, nobody here know exactly what has happen but his actions are still in defensible. He was the Captain and the worst MD i have ever seen.
The only good side to this whole mess is that many of use were able to buy more at 0.008 / 0.009 when the price should have never gone under 2 cents.
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