It is clear that the CEO change has brought in a new energy to the company. All the speakers knew their areas of the business and were eager to contribute to the call. Federation could be up and running sooner than anticipated, with there even being an option of a straight transition of the 'Redpath' mining crews (operating at Hera) to switch straight over to Federation - timing of funding dependent.
It feels more and more like DC was just not up to scratch, as he was just steering the company right off a financial cliff. The staff have already identified around ~200 ideas (under the 'Working Smarter' program) to help improve the business.... how a CEO can neglect a business to the point where staff still see that many areas for improvement?!? The board should have moved him on long ago. If the Federation funding comes through in March (and the terms are balanced, eg; don't skin existing SHs to the bone) then I think Andrew should get the permanent gig. As from the call (and info around the Dec month performance) it appears like the staff are responding to him in a way that DC could only dream about..
Finally I'm feeling a bit glass half full on AMI... albiet still in the red!
AMI Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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