New DirectorsIt will take a while for the Director news to circulate and sink in. Few investors are searching SEDAR for news about ABI.
This is another signal that there is a change going on within the higher levels of the comapny; there have been several events recently which, to me, indicate so. Now another!
There will be on the Board an executive who could become CEO - he has all the credentials necessary to impress the market. Ditto on the former CFO. Richmont flourised during their tenure.
They see something which drove their decisions.
This event has major implications and should be viewed by all as very positive.
My opinion for what it is worth.
Now we await 1st Q. earnings. Will tell us if the effeciencies and increased volumes have helped to maintain profitability in a weak metals market.
JMM