With regards to the future of Aurelia, Mr Brazil is the Kingmaker. As a very sucessful longterm grazier and farmer, I suspect he is slightly conservative and probably looking for a secure income stream from his investment rather than highrolling with MAC. Everyone has a selling point, but no one will give this away on the cusp of a serious rerate and what should be a sound capital return opportunity over a sustainable period of time.
The Chairman, Mr Botten, had a near corporate death experience over at KAR and is well aware that shareholders want wealth distributed back to them for the risks taken. Mr Brazil is well placed to give any misplaced Board bravado a good kicking.
For mine, AMI will be here for a few years yet and will be yielding strong returns to shareholders.
PS. Andrew - where are the bloody exploration results. Were all the holes dusters!?
AMI Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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