Ann: Director Appointment/Resignation, page-3

The three resignations reduce the number of Atlas’ Directors from 9 to 6.
All the remaining Directors (inclusive of the Managing Director) have offered to reduce their remuneration by 15 per cent, effective 1 December 2014, as part of Atlas’ ongoing and broad cost reduction program targeting A$65-$90 million in annualised savings by June 2015.

very prudent .. great to see Costs to reduce .. add fuel savings on falling oil prices

C1 costs will tumble in 2015.. safe margins retrained as IO stabilizes over $70.00 .. Aud falls to 80c or less in 2015 .. AGO will survive and grow ..when it secures a rail deal or Merges with BCI / FMG