The sad thing is that the company managed to persuade a group of Aussie brokers – RM Capital, Leadenhall Australia, Hudson Securities and Montague Stockbrokers to raise A$3 million for it by way of a placing only two months ago. Doubtless the wires have been humming between London and Australia today as they try to discover what particular straw broke this camel’s back. Grant Thornton, after all, is not known for resigning from tricky companies and Hoodless Brennan has yet to build a track record in the mining industry. They must have stumbled on something pretty horrific and could not get out of the door quick enough. Hopefully no one else steps forward to take on the job as the shares will then remain suspended.