Well said Bagso.
To be fair to the shareholders there are now fewer tripesellers and some proper non exec directors from other real world companies, but they only came as a condition of the banks that were lending MAPLC all the money to buy EMA and BOH. They said if you're spending all our money we want a competent Board. Who can blame them?
Trouble is too many decisions now are purely financial, particularly Geoff's stop-startism. You can't run a long term infrastructure heavy business with such short term planning. Pah! Planning? Guesswork more like. Knee jerk reactionism.
BTW - Geoff recruited Spooner in 2001. Given the positive work he has done, to sack him for this mistake (ie not delivering the Board's pie-in-the-sky target) reflects badly on Geoff doesn't it? Despite the fact that Spooner did a better job than Geoff ever could. And not forgetting that all the main figures are up on last year, not down. Just not up enough. I bet Geoff still gets his customary massive pay rise though, so all's well in cloud cuckoo land.
Don't make me angry, you wouldn't like me when I'm angry...