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10/9/18

Regarding Continental Gold (CNL.to): A mining CEO writes in

Mailbag this morning included the missive seen below here, from A.Reader who also happens to be a highly experienced and peer-respected mining person as well as a CEO of a Canadian listed junior mining company. It was his response to the news out of Continental Gold (CNL.to) yesterday:

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TITLE: The decent thing to do...

BODY: ...after a series of sad and terrible incidents such as this, is to resign the entire CNL Executive Team and a large part of the Board regardless of fault, implied or real. If not, the fact that the same senior management team remains, will lead inevitably to a decay in morale, beleaguered performance and a loss of confidence. The Company needs to pay its respects then start afresh.
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He is right. CNL is trying to wriggle out of admitting its responsibility in this sordid affair, a series of serious corporate lapses that culminated in the latest horrific event that saw three of its geologists murdered by terrorist dissidents. Will their shareholders let them get away with this? Newmont, got a view on this?