ABM Resources
(ASX:ABU) Managing Director Brett Lambert discussed ABM’s transition and strategy refocus back on exploration. One element of this plan includes assessing the production viability of the company’s resources, in addition to following up some of the advanced exploration projects.
Mr Lambert also addressed some of the hostility from one of the company’s major shareholders APAC. Mr Lambert maintains ABM has continued to seek the better deal for shareholders and invited shareholders to reject APAC’s proposal to replace the Board at the upcoming shareholders meeting.
The Managing Director discussed ABM’s restructure. In the March quarter the company has been cash positive for the first time ever. Mr Lambert also said the company has taken steps to reduce its overhead costs.
