I see that PRU management have announced in their quarterly that directors are taking a pay cut.
"Cost reduction programme implemented at corporate head office targeting a 16% reduction in overheads to $10M in FY2014 including a 15% reduction in salaries paid to all executive and non-executive directors "
If pay cuts are good enough for a company that actually has an income , its a no-brainer for a non-income explorer like AMX.
Not sure why mgmt are sitting on their hands in this respect. With less than $20mill in the bank , AMX should be ahead of the cost cutting curve , not behind it. Poor form.
AMX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held