Personally I think AM is one of those Top Dogs that should pursue other interests. Like walking a dog...
But with the cash outflow, the problem they did face was as they got close to collapsing, all accounts payables were requesting prompt payment. This did one would suspect cause a run on funds.
I guess if they told the owners (Us) what the hell was going on in a timely fashion as I think we have a right to know, some of the worry could have been avoided and cash controlled closer...
But hey, I'm sure he got his A$19,230 per week - every week. Money well spent I say...
Now the "ironic" thing is AM will most likely move to another mining company within a couple of years and who knows, they may have a better manangement team and make him look good. He'll blame those working around him...seen it all before.
OZL Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held