SP ANGEL analyst John Meyer has backpedalled on the stinging attack he launched on former DRDGold CEO Mark Wellesley-Wood after the latter was appointed nonexecutive chairman of Zimbabwean gold junior Mwana Africa.As reported in Business Day on September 4, Mr Meyer said the "change heralds potential for further disaster" and demanded to know, "why would a company take on a character who previously presided over a failing, high-cost African gold miner while enjoying the benefits of an excessive salary at the vast expense of shareholders?"Mr Wellesley-Wood’s reply was characteristically blunt. He described the comments as "rubbish". Mr Meyer has now published an "amendment to view", commenting that "after some discussion with independent parties we are forming the view that the new, nonexecutive chairman of Mwana Africa might just be the right man for the job".Metaphorically speaking, according to another miner in the region, "if you have a blockage in a drain" then apparently the ne...
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