Club Mulgoa

Saturday, November 20, 2010

JMS

Brian Gilbertson used to run BHP Billiton before he was fired by Don Argus, the Chairman for talking to RIO about amalgamation without consulting the Board. He ran Billiton in South Africa until it was taken over by BHP and he became the CEO for less than a year, I think. He is back in Australia via JMS. From profit, then loss, then bigger loss to smaller loss, no loss and now nice profit, this JMS will ride on his skill and manipulation. However, this is not someone who is going to care for the company... other than his own shares. So if he takes profit and run, then JMS will sink. At the moment, some journos are sceptical about the company's valuation. I will stick with it while BG is THERE. I reckon it will be a fun ride; it has been recently!

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