Dear Mr Curtis
As a director of Lynas Corporation you have a fiduciary duty to act in the best interests of the comapny and it's shareholders. The fact that you are the Executive Chairman of the comapany means that the responisbitlies in this regard are that much higher.
As the Executive Chairman of both Forge Resources and Lynas Corporation it is clear that the end result will be that you will manage the development of the Crown deposit. The only question is within which organisation? You obviously feel that you can find the time to carry out this task and that it is worthy of your valuable time.
Lynas pays you a considerable sum for your time and expertise. So if in fact the resource is transfered to Forge will the shareholders of Lynas receive less of your valuable time while the resource they currently own is developed by you in a different company?
The logical outcome therefore is that Lynas is already paying for your time, and the resource is already owned by Lynas, so you should be using the free time you appear to have to develop the Crowm Resource for the benefit of Lynas and it's shareholders.
And did I mention your fiduciary duty!!
Yours sincerely
Worzel
- Forums
- ASX - By Stock
- LYC
- sell to forge
sell to forge, page-29
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | $7.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.61 | 6808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 426 | 7.550 |
2 | 5750 | 7.510 |
2 | 500 | 7.500 |
1 | 1000 | 7.480 |
1 | 133 | 7.470 |
Price($) | Vol. | No. |
---|---|---|
7.620 | 500 | 1 |
7.630 | 750 | 1 |
7.640 | 20172 | 2 |
7.650 | 1500 | 1 |
7.700 | 1759 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
LYC (ASX) Chart |