With shares trading at 14¢ and a market cap of A$75 million, this publicly listed junior gold mining and exploration organisation needed a strong strategy; one which would resonate from its head office in Perth to field offices and operations in Botswana and Tanzania.
The ten-year vision was to be a A$1.5 billion market cap, major East African mining house, listed on the London and Toronto exchanges. Keogh Consulting accepted the challenge to advise and guide the company as it transitioned from a junior miner on the ASX to a global mining house listed on the London and Canadian exchanges.
A detailed transformation plan was evolved with the MD, board and senior management team.
A key intervention was the reconstitution of the board and the search for an internationally respected chairman who had undertaken a similar transition and could offer effective counsel to the MD.
The vision was achieved 2 years ahead of schedule, with a share price of 60¢ and a market cap of $1.5 billion. The results of the business transformation were deemed so successful, it resulted in a buyout and takeover by a Canadian mining company.
