Can't blame it all on Richard - the board shares responsibility too.
Reading between the lines, the board ultimately decided he had to go, but gave him the opportunity to appear to be leaving voluntarily rather than being sacked. If this isn't the case, then the board needs a good kicking, and there's enough of them - 7 in addition to Richard.
There doesn't appear to be much more than lip service paid to continuous disclosure obligations (though it doesn't seem a stretch to think the short-sellers have known what was going on all along).
I also wonder whether ORE were instrumental in having the Argentine Customs access closed down - Audax's sleuthing was the closest thing retail shareholders had to real transparency while it lasted.
ORE Price at posting:
$3.17 Sentiment: Hold Disclosure: Held