Just to remind everyone of the
extreme risks of listening to some people.
Imagine where shareholders would be today and in the future if you had voted to keep these people in place.
Thank goodness they were booted out with the MD following.
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Column 1Winton WilleseeChairmanBirimian Limited |
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Dear shareholder,
Thank you for your continued support of our company.
As you may be aware a group of minority shareholders have requisitioned a meeting of members seeking to remove myself and Hugh Bresser as directors of your company and appoint two nominees of their own.
Those minority shareholders have since been very active contacting shareholders and soliciting votes.
I have been contacted by a number of shareholders with concerns around the extreme riskstheir proposed actions carry for your company.
Accordingly, I am emailing to you to distil the issues and seek your support.
I, and the other Board members, recommend that you support the current Board and vote AGAINST all the proposed resolutions, for the following reasons:
- PERFORMANCE: Over the past 12 months, the current Board has transformed your company by acquiring and advancing the world-class Bougouni lithium asset, leading to share price growth in excess of 400% and substantially outperforming its ASX-listed lithium peers;
- CLEAR PLAN: The current Board has a clear plan that it is executing to commercialise your company's assets and further increase shareholder value.Excellent progress is being made that could bring the Bougouni lithium project into production within the next 18-months (exceptionally rapid for the sector), and a deal has been entered with a gold major that could deliver ongoing cashflow streams for our gold assets in the very near term.
- TRUSTED IN COUNTRY: The single greatest risk to your company's ongoing success is mismanaging the relationships already established with our host country, Mali. These relationships have been cultivated over several years, and can only be maintained by continuity of management and Board, with an orderly transition to the future leadership of your company at the right time.
I urge you to act now to avoid the extreme risks inherent in the changes proposed, by voting AGAINST the resolutions and keeping the same team that has delivered strong shareholder returns and that has long and strongly established networks within our host nation.
If you have already voted you are entitled to submit a replacement vote which will supersede your original vote.
To lodge your vote, please click on the 'Vote here' link below. This will take you to InvestorVote, Computershare’s online voting service, where you will be prompted to enter your post code.
Vote here
Or, copy and paste the following web address into your browser:
https://www.investorvote.com.au/login?cn=9267&p=6PYM3SM6AQ3YS160GGRL6WU1HJ1
To be counted your vote should be received by 11am Perth time on 20 March 2017.
I thank you for your support as we have grown our company and I look forward to continuing our successful journey to production.
With kind regards
Winton WilleseeChairmanBirimian Limited
The costs of providing this email broadcast is being borne by the Chairman of the Company Winton Willesee not Birimian Limited
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