Going forward....15 Aug 2022 09:24
A reluctant yes for me as I feel that this is as far as AMC’s flagship project goes.
What a wasted opportunity.
Not going to dwell on what could, or should have happened but hopefully lay down some ideas/way forward for the future (if any) of AMC. I’m not sure if this is the right forum, or putting the cart before the horse but here goes;
We need people with proven track records in whatever jurisdiction that we will be operating in.
Gold, diamonds, minerals etc. all have different methods/techniques/machinery in order to extract as much from the source material as possible. We need experts for this who need to be recruited if not already in place.
Only the big companies can operate in certain parts of the world due to among other things, logistics, geo political & security. Any new resource, if Robin is serious, needs to consider at least these. I’m assuming that the resource and thought into it is a given.
Any people within AMC who are not up to the new challenge, or with knowledge that lies elsewhere need to be cut loose.
We need people with proven track records in dealing and selling within any new market(s). Want to sell to the Chinese, hire someone who’s lived, worked and sold there in a similar capacity.
While on the subject of salary, Robin needs to align his with share enhancing goals if he is to remain in his current position. If not, he needs to go. The days of picking up his salary regardless of progress, value to the share price, or actually doing any work (from what I can make out much of the work over the last 5 years, or so has been undertaken by third parties) are/should be over.
Communication needs to be much better.
And, just a minor one that gets under my skin. AMC representatives who turn up for the meetings in London need to contribute towards them beyond sitting there chewing gum and grinning like a fool.
All the above, for me, is non-negotiable and should be the least we expect/demand from a competent BOD.