Basically he
IS WM Jr ( I think I have been quoted saying that in real life and on HC
) he was ousted when he was the Managing Director because he had outlived his usefulness, he was voted back in wit the help of people with ties to WM and previous owners/directors etc. In saying that, I didnt dislike him as a person, I just dont like his business practices and mood swings (tic).
That and terms of foreign ownership clauses needs an Australian head of the company to run the company. The problem exists, that to me, there has always been multiple agendas driven by differing "teams" on the Board.
When I first looked into it, it
seemed that there was a push to drive down the share prices in order to buy out foreign investment by previous management/ownership, but then upon reflecting, it was just really, REALLY poor leadership.
There is no reason that the shareholders should have had to put up with this and should have voted him out ages ago, and replaced him with someone who understood what is required to push the direction from Board level instead of being on site every day putting the whole management team offside (working diligently to further the careers of friends, over the good of the company, who have just as much business being in mining as he does currently) and also had an inkling of how to direct a company from that level. (I am not saying I could) But it doesnt mean that someone does not know bad when he or she sees it.
But DYOR etc etc. IMHO etc etc.
