I always described myself as the reluctant CEO, as I originally came down to South Africa as a consultant on a six month ticket. I had started as a non-executive chairman and I think the only reason I was in the CEO job was that nobody else wanted it. The same was true at the end.
DRD started from behind, with a hedge book and other liabilities that meant it had negative equity and value. Despite this, the Cinderella story worked, at least initially, but I must say we had more lucky escapes than Houdini.
...
However, we could only afford to buy things that nobody else wanted – we managed to steal 20% of Porgera from under Placer’s noses for $72m...
Das schreckliche Ende eines CEO´s : Er muß Tee kochen!
And, to make matters worse, by flattening your structures, the support team is reduced. You wind up making the tea as well.
Und Droopy wird wohl geschluckt werden: However, the reserve optionality game is over, and, in the next phase of consolidation in South Africa, I expect it will be swallowed up.
Jetzt muß MWW sich zu Tode langweilen: I miss the thrills and spills and the world has definitely become a more boring place.
DRDGOLD to be "swallowed": Wellesley-Wood
http://www.miningmx.com/met_heads/662870.htm