I said a long time ago that the board should move to an incentive based package. As it stands, almost half the CFE cash will go to board members over the next year.
Also I will find it hard to believe that the sophisticated investor will be impartial, they will have been positioned. Leadenhall is the only real player with any power and they are quite heavily outnumbered.
My hope is that TS has something up his sleeve that he was holding onto while he waited for African Minerals Administrators to drop off the board. Is it a coincidence that the dividend was cancelled about the same time that the benefits would have gone to the AM creditors?
All hypothetical but timing is interesting.
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