Long live new CEO/ board
SouthGobi Resources says CEO terminated, nominates coal and energy "industry veteran" Ross Tromans
Most recently, he was General Manager Marketing at Rio Tinto Coal Australia where he was responsible for the development and implementation of the overall marketing strategy for thermal, coking and semi-soft coal.
The Board is working with Ross and Sean to ensure a smooth transition as we focus on strengthening the company's core business performance. We are committed to operating SouthGobi and realizing Ovoot Tolgoi's production potential."
A real miners replacing investment bankers - the proverbial "Vampire Squids "= less stock games , more production .
Well, I have predicted that here
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31505609&l=0&r=0&s=SGQ&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31484974&l=0&r=0&s=SGQ&t=LIST
The next good news from my list here arrived
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31478939&l=0&r=0&s=SGQ&t=LIST
Was he a weak ,confused , spoiled in his HK Ivory Tower guy,
unable to make right decission in a crisis situation or worse :
a corpotare traitor , Friedland's mole playing his own games on demnise of SGQ SP?
We will never know .....I suspect all of the above, given the abrupt firing ( for a cause ?) and not a resignation " to spend more time with family ".
RIO;s action looks like gesture / signal to M gov to make a peace .
"We fired the guy who sued you in international arbitration court
We can avoid the world - wide gov, ambarassment of making public gov 's phony ,corrupt practices."
You fire the guy ( or at least reverse the NON- DECISSION ) who started war against SGQ.
After all, the gov. ( PREVIOUS AT THAT ) harassment arised from Chalco bid .
No more Chalco , no more harassment , including the phony suspension / delay in approval of SGQ applications for Pre Minning licences on exploration lands.
The new , 49% Foreign Ownership Law does not apply retroactively to existing cos
Looks , not only return to normal is near, but also IVN / RIO support / will is there to take SGQ to new hights
Peace
Geeeesus loves you too ...even if you are commie .....
provided ,you behave in accordance to moral and international law's standards
And follow your own laws and agreements .
geeesus
..