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magical_trevor Wait and see. Can only be better than the old regime. That's a good start. We have seen that some due diligence has already been done and that there is some semblance of a plan. This means that, while they are now in the process of giving the tyres a good kicking, they are not going to walk away just because they come across a few more things that they don't like. After they have finished kicking the tyres, I would imagine that there will be further departures and thereafter very little, if any, NR involvement. At that point we should hopefully get a better idea of what they find are dealing with, what their plans are, what tools they have at their disposal and generally how they compare and contrast with the previous management (including, crucially for LTHs, in their attitude to shareholder value).

MorningJan You could always sense one coming under the old regime. Who knows what pace the new regime will move at, what directions they will go in and what alternatives to dilutive funding might be available to them? Too early to tell, in other words.

Referee Fair point - some DD has been done but KR and his crew are yet to give the tyres a really good kicking. What they say and do once that's done will be very interesting.