One may ask who's interests were in mind when Brett Lambert was...

One may ask who's interests were in mind when Brett Lambert was appointed in late Oct 2015; IMO certainly not shareholders, as shown of late there are other agendas in play at ABU and maybe the the true TO entity is still waiting in the wings.

Thought ABU holders might like to have a look at Brett Lambert's report card.

Intrepid Mining Limited (IAU)
In IAU he worked as the General Manager of the Paulsens Mine in WA from the start-up (Jan 2004) with Nustar then Intrepid (IAU). Paulsens was a successful high grade mine (and continued to be so when sold to Northern Star).
Lambert became CEO/MD on 10/07/2006 and resigned as a Non-Exec on 11/03/2008 as part of the IAU – Emperor Mines merger. As we all know IAU thereafter was a disaster, once becoming a $1.4b MCap company only to have to admit defeat that they did not have secure title to the Indonesian property once designated as the largest porphyry copper-gold resource in the world. IAU now languishes as a $45m MCap company with a completely different project portfolio (in Africa). All these plans were made as part of the IAU-Emperor merger so Lambert likely had some say in these matters.

If you had invested $100 for the period Lambert was a CEO/Director of IAU the value of the investment upon his retirement would have been $22, a 78% loss ($1.20 to $0.26).

Thundelarra Exploration Limited (THX)
Lambert’s time in Thundelarra (THX) is unusual to say the least. After his appointment as MD on 28/09/2007 there was an initial push by him to have the Copernicus Ni Mine financed and developed by THX as 40% JV partners with Panoramic Resources (PAN). The mine opened on 23/07/2008 only to be put on permanent Care & Maintenance four months later on 18/11/2008. There was a brief period of stockpile milling in Oct 2009 but by May 2012 THX started to dilute their interest in the JV. The JV partners had clearly miscalculated the projected revenues and costs before developing the mine.

After the Copernicus failure, THX reverted to exploring their NT uranium prospects. Apart from a significant spike in the SP in August-December 2010 related to some isolated high-grade drilling results, the SP plummeted after the release of a less-than-spectacular JORC Resource on the NT Hayes Creek uranium project. THX ultimately moved into copper exploration on their Red Bore project. Lambert resigned on 07/03/2012. Subsequently the uranium projects were sold for $1.6m in 2013. If you had invested $100 for the period Lambert was MD of THX the value of the investment upon his resignation would have been $28, a 72% loss.

Bullabulling Gold Limited (BAB)
Lambert was appointed as MD of Bullabulling Gold (BAB) on 01/05/2012, inheriting a large low-grade resource of 3.4 million oz gold that was rationale for the listing of BAB less than two months earlier. A PFS was completed by February 2013 but the SP languished. Norton Gold Fields (NGF) made an unsolicited takeover offer of $0.08 and eventually secured BAB. Lambert resigned on 15/07/2014 upon completion of the NGF takeover. The DFS was never completed by BAB or NGF and since then no attempt to develop the project has been undertaken.
If you had invested $100 for the period Lambert was MD of BAB the value of the investment upon his resignation would have been $40, a 60% loss.

ABM Resources NL (ABU)
The story of ABU is well known.
If you had invested $100 from the period Lambert was appointed CEO/MD of ABU, the value of the investment now would be $20, an 80% loss (granted there are previous issues).
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(LOL If you invested $100 on Lambert's career as a CEO/MD/Director in the four companies above end-on-end your investment would be worth 49 cents ($0.049) (22% x 28% x 40% x 20% of $100))