Ann: Notice of General Meeting/Proxy Form, page-27

I agree Priyank's salary is a bit too high but it still has a minor effect on our return (Dividends)!. JMS as it is, is a simple and beautiful business that will generate 10-25% dividend per year for decades with very low risk( no debt, low cost producer).These kind of longterm returns with low risk, is what the best investors in the world try to achieve.

With Priyank and Gilbertson that is exactly what we will get simple and safe. Mende to me seems full of shit. There is such a thing as diworsification as Lynch likes to call it. Why take unneccessary risk and destroy the value proposition that makes JMS unique (simple and safe dividends) there are a million of so called "growth stocks".

Reading Mendes statement either he has bad judgement and is a bad investor or he is full of shit with a hidden agenda. Trying to change "perception of the market", "diversification", "battery revolution" is the typical Wallstreet Mumbo Jumbo that is pure speculation. Plain and simple predictable business returns and dividends I take all day ( as does Warren Buffet) over trying to appeal to the market and speculating on SP appreciation(that will not happen anyway).

Mendes argument about the bad share price performance makes me question his judgement(or honesty?) even more. When he takes as an example the current low price that was caused by his board shuffle and low manganese prices. Also who cares about share price when more than 70% of ipo price has already been paid back to shareholders in form of dividends? On top of that a lower JMS share price actually increases long term returns when you reinvest dividends for compounding.

Also Priyank and Gilbertson skills and credentials in running mining businesses are so much better than Mendes, who is basically just an investor. Hope you dont get sucked in by Mende&Co. who will end up as Lynch calls it diworsefying (even possibly destroying) this great business or may have a different hidden agenda that is not aligned with us.

Why would anyone favor all this uncertainty and risks (possible bad longterm returns: Debt, worse business performance, failed overpayed aquisitions and growth, potential f*ing over of minority shareholders, value extraction) with Mende compared to 10-25% safe dividend returns every year?

Please all vote so we can preserve this dividend gem and wont lose money.