Something To Think AboutHey Mates,
I'm surprised at, and a little disappointed with, all the speculative - bordering on hysterical - remarks being made by so many here over the past month or more.
It suggests many are not aware of the evolution in management styles that almost every company, but especially those in the resource sector, go through as they evolve from explorer towards blue chip status.
PE did an exceptional job as CEO, stick-handling our company through the exceptionally difficult and challenging Exploration and Development stages. During these stages the type of leadership skills needed differs dramatically from that necessary to run daily operations of a Producer.
My gut feel is that both the Board and PE recognized this, and the importance of securing and having to pay for, the best top mining executive our company can attract. I expect the search for just the right helmsman with the key Production-tested CEO skill-set we need, may take a few months to complete, but the wait should be well worthwhile for us down the road.
Remember, PE is remaining on the Board, and the Board composition has not changed. I expect Whittle will do OK during this CEO search timeline, and during this period won't take down a CEO's salary.
And nothing else has changed! Don't forget the fact that we own 49% of the richest new diamond mining operation in the Western Hemisphere. And we can thank Patrick Evans for that!
Cheers,
Brit