New DirectorsEveryone is focused on Didipio and rightly so. If the FTAA is approved, it will give us a huge boost in liquidity and therefore accelerate the deleveraging of the B/S and allow funding of our growth projects without further dilution.
But I think people are underestimating the significance of the new directors. These heavy-hitters are not going to be content sitting in the Board room like two potted plants. I am sure they have ideas that they want to see implemented but will wait to see the outcome in the Philippines first before they push their agenda. I would bet that within the next 12-18 months some furniture will be moved around and major redecorating done.