"Alex Molyneux took over a sinking ship and managed to make it...

"Alex Molyneux took over a sinking ship and managed to make it worse, though he seems to ruin everything that he touches. So much so that some of the conspiracy theories about him being brought in to deliberately destroy equity value has merit."

Hard to believe that comment has any merit. But let's move on, we have a new CEO who has a solid track record of running mining companies.

"He was most recently General Manager of Newcrest’s large and complex Telfer gold-copper mine in the Pilbara Western Australia. Prior roles include CEO and Managing Director roles with ASX-listed companies centered in West Africa and the US and Asset President of NSW Energy Coal at BHP Billiton, being directly responsible for the operation and rapid expansion of one of Australia’s iconic and highest producing coal mines, Mt Arthur, along with the Caroona Coal project and BHPB’s share in the NCIG port infrastructure in Newcastle. Mr Sullivan was also GM of the Wambo Coal OC and UG operations in the Hunter Valley with Peabody Energy and successfully commissioned the UG mine to be one of the most productive thin seam Long Wall mines in the world."