GNM 0.00% 1.5¢ great northern minerals limited

Ann: Appendix 3B Placement, page-22

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  1. 6,881 Posts.
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    I believe all avenues to an amicable outcome have/were discussed with King (when he felt like communicating) including him remaining on the board (soft change of directors) versus an arrogant person that holds his shareholders in contempt and smugly (almost giving the shareholders the "bird") resisting change. For someone that claims in the corporate governance to wanting to protect shareholders wealth and assets, he sure is going a funny way about it.

    Speaking of assets, it will be interesting what assets they are contemplating giving up!!! To re: preserve shareholder value (laughable) or maintain another year or so of lifestyle income.

    As I said in my previous post, the issuing of shares in this placement wasn't for extra funds ...... we didn't need it at this present time, and any CEO worth his salt would of recognised that the share price has been faltering due to their consistent changes of direction, the snails pace of getting drilling commenced, the questionable time frame of hole 1 results (both the trial results and hole one results may have been lost and not announced prior to the EGM voting for the issuing of the options) the mismanaged OHD trials, the questionable (non disclosed date of the OHD trial results) and now this debacle.
    Anyone that has to iterate that they are not big noting themselves can be construed as in fact they are ......

    All the above IMO only
 
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