What Board would put themselves in a predicament of an exclusive sale agreement with one party relative to this clause in consultation with GMD's two major share holders.
Did SBM consult with it's major shareholders? Did they consider offering the Leonora asset to an open market?
If the board cannot provide evidence for just these two questions, then I would say whats in it for them as the latest notice has a sense of arrogance with dictatorial tone.
The following in "The Change of Leadership 17/11/22" relative to the new CEO.
" An initial important priority for Dan will be to ensure that the agreed FY23 Gwalia business plan and budget are delivered and that the significant value associated with the Leonora Province Plan is unlocked."
Based on this statement from the announcement who does it benefit GMD or SBM.
Why we have to approve GMD deal, page-8
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $186.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 22.5¢ | $593.9K | 2.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 438144 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 452669 | 18 |
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| Last trade - 13.42pm 11/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |