Getting CloserAnother week closer to the new CEO. Some shareholders have said this appointment may not move the share price too much and that may be so, but the news will really be the catalyst going forward. Assuming the right appointment it will give both leadership and direction.
I look at the existing Board made up of a former operations manager with no boardroom experience, an oil and gas prospector known to be a difficult character, the head of the Newfoundland liquor forum and the former head of the Canada-Ecuador chamber of commerce, plus John Anderson (who is the only one that has the right CV to be there). It's a ridiculously weak boardroom for such a great asset.
A top CEO appointment plus one or two further qualified boardroom members will give a tonne of credibility. It will both attract serious investors and make those interested in getting a piece of the GA salt deposit take notice. It's the fault of the existing board that it's a year late.