Hi salpetie, thanks for your reply, I have liked the balanced approach that you put forward in your posting re AML management; but I have to say that I am now firmly in the camp of the speccy group on this matter re AML management, particularly after reading their most recent stream of posts, which on the evidence put forward, appears to me to reflect serious ongoing rampant abuse of retail share holder interests.
I have read the speccy group post previously as you have (regarding the Century Mine scenario), I read your reply post regarding that and while I could see both sides of the argument, I believe the company that now runs that Project NCZ are very optimistic about the economics there, and the viability of NCZ going forward. From what I have read NCZ look like they have quite a good investment case. So in retrospect AML management looks to have come to a decision there, which has cost shareholders a big missed opportunity.
The allegations speccy has raised now are a completely different matter to the Century story, the evidence is compelling (on the facts as speccy has put them) and I have now reached the point where I no longer trust management or their motives - I will be writing to ASIC & ASX, and I will be voting against the remuneration report and the re-election of Paul Harris.
You don't need to a very imaginative dot joiner to figure what is going on at AML and it smells bad to me. I might add that when I spoke to Hamish Collins recently (I posted on the conversation here), at first when I spoke to him I got the distinct feeling that I was an annoyance, by dint of the fact that I had phoned him (SH taking up his time), however I persisted in a polite and articulate manner because I had questions I wanted to ask and I was not going to be put off by a bit of "attitude". So I continued with my conversation, and whilst I couldn't say that HC was rude at all, I still felt that HC was not really happy to entertain my questions. I didn't post on that line of thinking because at the time I felt it wasn't really relevant, I have spoken with many managing directors over the years, and am quite comfortable doing so in the knowledge that I know my facts when discussing a company with these people (which is absolutely necessary), but I have found HCs' tone less friendly than most (have spoken with him previously too). This is not a big point, but I certainly felt it at the time.
So I agree with speccy and would urge shareholders to contact ASIC & ASX regarding this matter, the links speccy provided are below:
[email protected]<[email protected]>;
https://compliance.asic.gov.au/#/form/583b77dc397bbc319837ea2a/app/5bc2afc7bb212117a84c2e8e
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