Every why hath a wherefore

New Gold (NGD): A year and five months of Renaud Adams

How long did the mining commentariat say they’d allow Renaud Adams to turn New Gold (NGD) around? A year? Two? Here’s the stock performance sat next to the GDX since the day Mr. Adams took charge at NGD, we should also remember that over the rest of 2018 and into 2019 he appointed plenty of his favourite people into key roles at the company.
The type of debt left by Threlkeld and Oliphant is proving too difficult even for a “mining rock star”. Well, there’s a surprise. Not.

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