MAN 3.33% 3.1¢ mandrake resources limited

MAN RAS Lithium Nearology ?, page-30

  1. 11,007 Posts.
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    This is not my preferred choice, but I am willing to put up my hand to be involved if needed to be. I have been down this road previously and it was time consuming however we got the job down.
    FFX was previously known as BGS before they bought a lithium project in MALI. It was a small exploration company with a similar management set up as MAN, a CEO and 2 non executive directors. You can tell the CEO was the one running the show.
    Shareholders in the HC Forum were infuriated with the performance of the directors. So much so, that a shareholder representative of the members here approached management to view their grievances. A member based in Perth went to the office personally. Unfortunately he was ignored.
    Members called for an EGM and still there was no resolve, however directors resigned on the eve of the EGM. It wasn't that difficult if we have the necessary professional ready to assume the role of CEO. As I said, this is not my preferred option but I am willing to use my previous experience and professional capacity to exercise my rights to guide the participants in this regard.
    I rather JA change his attitude by acting his role as a CEO, not merely a technical person.He needs to start managing reasonable shareholders expectations. His interests need to align with a shareholders and he needs to regularly update and keep shareholders well informed. In this way he will have the support of shareholders.



 
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