RE:RE:PR NightmareOut of any context I would see a CFO change as a negative. Did they say they were looking for a new CFO? That straight up would have been seen as a negative in light of recent events and share price drop. Was there something wrong with Tom going forward? Is the new CFO a better fit for the job going forward with the goal of making Timok mine a reality? Is this a change because we have a new CEO and he just wants people loyal to him?
The worst would be Tom not wanting to pretty up something that he wouldn't want to pretty up and a new guy can just claim hey I'm new and this was the case when I got here. How do we know this is not the case?
Like others have mentioned, just like most got sideswiped at the last results, something else doesn't seem to be right here and I think many are wondering what's the next bombshell Nevsun is going to drop on shareholders. Yes, is there another shoe or entire shelf of shoes that's gonna drop? They have invited very little confidence into the stock and hence here it lingers despite lucrative resources/possibilities.
I can understand Peter cleaning the books / financials by taking a big hit in the latest numbers...the problem is whose to say there is not more hits to come? And what kind of hits will / could they be? Minor hit(s) that only impact the short term or major hits that really will show that Nevsun is being accurately valued at the current price. Hoping that it is not the latter just shows me how risky this investment really is IMO. While many have taken a big hit here, the reality is it could get worse.
If it is good news from here on in then yes I can agree the share price should appreciate and hopefully significantly. Of course a new resource find would be fantastic, but let's hope that is not needed to somehow justify investment in Nevsun because it has to offset some other news shareholders will have to swallow...like Timok not being the great resource it has been played up to be.