Ann: Award of QGC Trunkline Contract , page-11

Parto

the problem with AJL is simply that no one believes what they say re; operating businesses and they can't deliver. There have been so many downgrades / bad news announcements that everyone just shakes their head. And AC still trots out the usual it is all looking up, we've won a new contract, blah blah blah.

We need a new Board, Chairman & CEO. There needs to be independence and true Corporate Governance. The market needs to see someone who's independence is unquestioned. If this happens then AJL will boom.

There may well be some management changes but I guarantee that there are many good and talented people in AJL who could deliver for us shareholders if they were professionally managed. There is always good people.

The operating business themselves are in markets where other companies make OK returns. It all comes back to the guys at the top.