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New Gold (NGD): The White Oliphant is now officially a laughing stock

Today's NR from Randall Oliphant's graveyard makes the updated capex chart for Rainy River look like this:

Seriously, what a total clusterfark. Any thoughts on why the COO was resigned in December? Anyone?

PS: Oh yeah, nearly forgot: "...Randall Oliphant to step down as Executive Chairman..."