Saints on the march

摘要

St Barbara Ltd's Tim Lehany said he stepped into the managing director's position over a year ago with "eyes wide open". Lehany inherited a company that had just recorded a half year net loss after tax of 41.2 million dollars to December 2008, was 20 million dollars in debt and had 100 million dollars worth of convertible notes on issue. Fast forward to June 2010 and Lehany will tell you, as he told Gold Mining Journal, that the company has established a solid platform for growth. "It's fair to say we have done an awful lot in the last 12 months. We have concentrated on revitalising the company. We have fixed our balance sheet, when I took over we had 100 million dollars in convertible notes and now we have almost completely bought that back and should bring the remaining 1.2 million dollars back in early in July.