almost 50 shareholders voice their disgust , page-27

The problem here is the lack of transparency.
Shareholders have been told their share have been made worthless.

With the long term suspension, which was put in place so that the company would not have to abide by continuos disclosure rules, they have been able to dupe shareholders which would otherwise have been impossible. All the time stringy unsuspecting shareholders along, with extension after extension and details of how nothing had progressed far enough to announce.
Let me tell everyone, they wanted to get everything completely finalised before any shareholders got wind of what they were up to, and called a general meeting.

Well now shareholders deserve to know that their actions have been conducted ethically and legally, because nothing here passes the smell test.

If this kind of directorship is made commonplace, ASX shareholder confidence will be eroded.

Has any of the following directly financially benefited out of the deal...

Ian Purdy
Colin Steyn and Lancaster Park
Peter Nicholson and RCF
Votorantim
Norilsk Nickel

Because as far as I can tell, it's only the non institutional shareholders making any noise