MGY 4.35% 8.8¢ malagasy minerals limited

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  1. 649 Posts.
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    Hi ozone123

    From the recent AR, the MGY Management consists of:

    "Management
    The Company’s only management in Perth is the four non-executive directors, with exploration management provided by Mr Langworthy in conjunction with staff from his associated company Omni GeoX Pty Ltd, and finance and administration services provided by Boden Corporate Services Pty Ltd whose employees include Natasha Forde who acts as group accountant and joint company secretary.
    The Malagasy activities continue to be managed by the Country Manager (Gerant) and CFO, Jean Luc Marquetoux, with exploration activities managed from Perth, by Omni GeoX, in conjunction with local geological staff.
    Mr Max Cozijn resigned as a director in August 2013, having served as Chairman since the Company’s incorporation in 2006 and as CFO and Secretary for most of that time. The Company’s asset position in Madagascar is largely the result of Max’s efforts and the board expresses great appreciation, on behalf of both itself and shareholders, for the contribution which Max has made to the formation and development of the group."

    So, I am not sure as to who we would spill as most of the director positions are held by contractors and I suspect only temporarily.

    Our focus should be on getting a replacement Chairman, one with calibre, business acumen and a sense of urgency and then have that individual put a new experienced team together. At the moment MGY is rudderless with a world class asset about to be lost because no one is looking after shareholder interests.

    As always I am happy to be proven wrong.
 
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Currently unlisted public company.

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