Unless I'm mistaken, can't see much hands on base metals mining passion and experience in there? More of a "strategy/finance" guy. I'm never sure those are the "skills" a small underground mining company attempting to produce commodity products (i.e. its a price taker) at the lowest possible cost, needs.
Also I wonder will he (and fellow management, following his lead) put some of their own dough into the business i.e. buy shares on market?
I see future free cash flow (FCF) may well go back into mine development e.g. Great Cobar. So is it really FCF or merely "stay in business" cash? It is only the right decision BY THE DIRECTORS - the allocators of capital - to re-invest FCF if it will earn above the company's cost of capital - which in the last 4 years or so has been largely a fail (apart from the purchase of Peak). As shareholders we might be lucky eventually and get bailed out by rising metals prices but I'm not holding my breath.
AMI Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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