I suspect there has been dissension in the ranks over which way is forward. Surprised to see Egan go, I must admit.
I believe the board didn't like some of the emails sent lately that were to be presented at the next board meeting, so maybe there has been an awakening of what Smyth has been doing that they may have been unaware of previously?
Just surmising - but maybe they now have the Directors they need to push the refinery vote through?
CityView Board Changes CityView Corporation Limited (“CityView”) is pleased to announce that Mr Wayne Reid has agreed to act as a non-executive director of the Company and as Chairman of the Audit Committee. Mr Reed is based in Melbourne and is an experienced public company director, with a lifetime contribution for honorary services to the community and sport for which he has been honoured. With the appointment of Mr Reid, Mr Paul de Chazal will leave the CityView Board to join the Advisory Board. The expertise of Mr de Chazal will therefore continue to be available to the Company. Mr Ian Egan will also leave the CityView Board and will continue as the Chairman of Fortitude Minerals Limited, in which CityView holds a 46% equity interest. Mark Smyth
CVI Price at posting:
1.6¢ Sentiment: None Disclosure: Held