Still alive but £10m - £12m writedown! Share consolidation and reorganisation to follow. Asset base at Kabwe to thank for our continued existence. C'mon Hunan, bung us £90m for it and put us out of our misery!
I haven't felt an EGM here was necessary, but only because we appointed a new Chairman, who has needed time to settle and sort out the anomaly he immediately discovered. Had MA have been Chairman now, with no production, then I would have been inclined to agree that an EGM was necessary. As such, my thoughts were and still are, hold off on an EGM and let the new guy do his job, allow him to put the house in order. Of course, we need AB to show us via news that he is taking BMR forward, not just sorting out the accounts, and that his RNS news isn't more of the same flannel we endured under MA. Next news is therefore important.
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