The Mineral Resources chief is under pressure from tanking lithium prices, plummeting share prices and a mountain of debt. And if that isn’t enough, he’s now got to find a new pilot.
of Mineral Resources during a PowerPoint presentation armed with stock charts that compared his iron and lithium miner with Apple. Its share price closed that day at $83.90.
“I have full confidence in our ability to manage the balance sheet and keep delivering leading returns for our shareholders,” Ellison told investors, turning to the cabin and flashing a thumbs up.And yet, somehow, that didn’t include dumping his idea of starting his own airline, MinRes Air. Is it because that despite everything flashing red, Ellison has airborne itches to scratch?
It sought someone who was “personable, flexible and discreet”, and must have “pride in what you do and be meticulous in how the helicopter is maintained and presented”.
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