The existing board who have overseen the whole debacle from the early bad commercial decisions to the latest mess should lose their positions. This would have to be one of the worst performances of a board surely.
What will happen to the Kayelekera Mine in Malawi, a disastrous project from the beginning, has never made a profit and now an environmental and financial liability costing Paladin ~6 million a year and just rotting in the middle of Africa. Not to mention what Malawi can do about it. What a joke
Ann: Langer Heinrich Shareholders Agreement COUH Option Risk, page-7
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