The more important question- why did they bump Warren out of the drivers seat? Wasn't there a massive "change management" or some other consultant's cliché under way? All of that "profitable production" that still somehow manages to lose cash and surrenders tens of millions of dollars of mining project investment for next to nothing to one of their good mates.
It no longer matters who is on the board or even what the company is doing. It's an Andrew Fraser plaything now, it will trade by appointment only and the ramping and churning will happen despite the board or company performance.
Bourne has probably been promised the same bounty from Fraser that was promised to Warren by the house of Hartleys.
ATA Price at posting:
3.3¢ Sentiment: Sell Disclosure: Held
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