Noront Resources

He goes on to add, “Often, resource companies have a high level of technical expertise but less commercial skill. This lack of business acumen in management has resulted in unduly diluting existing shareholders which in turn amplifies downward pressure on the share price. Compounded over the years, this has created a situation where many firms with reasonably good assets, have board and management teams who are increasingly, or exclusively in it for the salary check. When the financial interests of management are not aligned with those of their shareholders it is often a recipe for value destruction. Private equity groups can bring the complementary commercial skills and rigor to the board room and help companies raise money strategically rather than desperately” says Kalisvaart.

lots of stuff applicable to noront. i also like kalisaat's former employers