AEX 0.00% 1.1¢ acclaim exploration nl

oxide ed

  1. 236 Posts.
    FROM TOXIC BOB TO OXIDE ED

    Mindy Miner writes:

    "Toxic Bob is, of course, the nickname given global geological entrepreneur Robert Friedland, the man who sold the yet-to-be-developed Voisey's Bay nickel sulphide deposit to Canadian miner Inco Ltd during the 1990s and who is currently chasing some copper and gold targets in Mongolia.

    Friedland's rather unflattering handle originated from his involvement with the Summitville cyanide heap-leach gold project in Colorado, which became something of an environmental disaster back in the 1980s.

    Oxide Ed - on the other hand - was the name one wag came up with for Australian geological legend Ed Eshuys who, on Tuesday, was overwhelmingly dismissed as chairman of West Australian-based junior Acclaim Exploration NL for (amongst other things) allegedly hijacking the company's exploration agenda.

    Other than a penchant for rock kicking and an interesting nickname, there probably aren't too many comparisons one can make between Toxic Bob and Oxide Ed - except for the fact they have both somehow managed to attract their share of controversy during their careers in the mining game.

    As chairman of Ivanhoe Mines Ltd, Friedland came under some fire from the Tasmanian Greens over the environmental measures that were put in place at the company's Savage River iron ore operations (which were government-endorsed).

    Meanwhile, before being shown the door at Acclaim for taking the company's focus off finding massive nickel sulphides on the Musgrave Block and concentrating on oxides instead, Eshuys had a stint as site manager of Joseph Gutnick's troubled Cawse nickel laterite project in WA (although, in all
    fairness, Cawse still remains the only one of the three PAL plants operating at the end of the 1990s to reach its projected ramp-up target).

    And, despite being the leader of the exploration team which discovered the Bronzewing gold deposit in WA, Esuys has always had to live in the shadow of famed prospector Mark Creasy.

    Those memories, however, were probably at the back Oxide Ed's mind when he faced angry Acclaim shareholders, although he took it reasonably well as he was told that only 18,928,838 wanted to keep him on as opposed to the 117,240,125 who wished to see the back of him.

    Furthermore, this message was reinforced when the Acclaim stock holders overwhelmingly voted to acquire shares in Austral Nickel Pty Ltd despite opposition from the fallen chairman.
 
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.