Who killed the junior miner?

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 553, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "Borrowers were not sensible about their debt capacities," [George Rogers] said. "Management strategies were often too short-term and opaque, and companies were run by entrenched boards more interested in looking after themselves than their shareholders," he added.

    "Shareholders were wrongly incentivised," Rogers explained, adding that, "If you have equity partners who understand your business well, that will help you in the long run." "The equity is there for companies, but managements need to be realistic about project valuations," he said, calling for "less hype and more substance."