Mining: Sundance Resources shares suspended as Directors go missing
It's the classic case of putting all one's eggs in one basked - or in this case, all your senior management in one small aircraft. The principle members of the board of Sundance Resources, a Perth-based iron-ore mining company, are missing after their twin-engined aircraft disappeared over Cameroon where they were researching a possible project.
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Ken Talbot, whose company Talbot Group owns about 20% of Sundance Resources was one of six executives from the company on board the aircraft which disappeared about half an hour after take-off for an hour-long flight between Cameroon's capital Yaounde and the town of Yangadou in neighbouring Congo.
The other Sundance executives missing are chairman Geoff Wedlock, managing director and CEO Don Lewis, company secretary John Carr-Gregg and non-executive directors John Jones and Craig Oliver. There were a total of 11 passengers and crew on the aircraft chartered by Sundance.
The Cameroon government has scrambled military aircraft to look for the aeroplane which crashed on Saturday.
This morning trading in Sundance shares was suspended pending news of the executives - or, more sadly, their successors.
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