Q: Hi team,
What do you make of the news today? Would you see this as an opportunity for a first purchase?
Thanks
What do you make of the news today? Would you see this as an opportunity for a first purchase?
Thanks
5i Research Answer:
An 'immediate' CEO departure is not often good news, but with the interim CEO having good experience at Detour, and Sean Roosen going to be non-executive Chair, the adaptation should work. It looks like essentially a personality issue or Board dispute. OR also came out with an update today on production and operations look OK. The stock reaction likely reflects the situation well now.