GGY 2.41% 8.1¢ glengarry resources limited

lotsofphos, page-13

  1. 4,326 Posts.
    i agree 100% with buddy's frustrations but imo he is directing them at the wrong people (being KZL and HotCopper members).

    As you eluded, the problem is in GGY's own back yard, with its own directors imo and for that i genuinely feel for shareholders including buddy.

    BUT and a big BUT, things will not change imo if the sale is rejected, you would have to get fresh blood into the boardroom and some directors who want to turn a struggling explorer into a genuine producer. From what i can see these current guys don't have that will.

    Now that IS possible (new blood) but you wont get current directors to agree, thus you would need an upswell from disgruntled holders. Take a look at JRV, a similar motion was almost put there (theres another story as to why it didn't go ahead) but you will find all the answers on that thread as to the requirements of how many shareholders you need on side to declare such a motion.

    it may be too late for maitland but it seems some of you guys still want to retain shares in this play so it could help prevent future poachings.
 
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