First of all, thank you for responding with some good relevant content. This is a refreshing change from 'just negative' and 'why dont you sell' comments.
While I realise that Gerald Metals where underhanded and 'sneaky' in their actions here, it still does not detract from the negligence CFE showed in not managing this asset. It is their responsibility to know about the UK court case as well Gerald Metals attempt to gain control. They are remunerated well above market rates for this, time they actually did it.
If they are not capable of securing the asset, why should investors believe they can protect the cobalt asset from similar circumstances? So enough of the 'excuses' on why they failed, time to start managing their company.
You are correct, Tim Lebbon was never a director - my apologies - he attempted to have an independant director assigned and lead to a vote. I do question your view that he is sneaky, the only 'sneaky' action here is the addition of shares at 300% of market value to Gulf Energy right before the vote - without these additional shares he would have been booted.
My view of Lebbon involvement was to highlight the practices of TS in extracting cash from CFE for personal gain. Have a read of https://jade.io/article/582146 for a good view.
The litigation appears to be token only, Timis and his offsiders still pull the strings here - make no mistake about it.
Can you provide any support to 'It is something CFE does well and thoroughly' in regards getting everything signed up?
GEIL UBOs - who says I dont know who they are?
CFE Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
(20min delay)