Ann: Key Management and Board Changes, page-62

100% agree.
This is why myself and many other LT'ers left the building last year. We lost confidence in management. Lucky for me my exit was 35cts but after 4 years....and at a loss, not good.
Haven't seen any improvement and this ANN just installs my insight into poor management.
Missed benchmarks late production and now we can compare a TM return of 13.4% 2 years ago yet with the TAM refinery ABU returned 8%....thats down 40% plus logistic costs.
Love to jump back in to help Bruce buy his boat but ABU management need to perform.
Regardless 8-9% is still better than nothing and at least ABU are moving into a cashflow territory and have some great leases. Next result should improve as the circuit will be gold saturated hence possible better recovery grades.
GL Gents/Ladies.