MLX 3.45% 42.0¢ metals x limited

Strategy, page-9

  1. 422 Posts.
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    I have absolutely no idea.
    I have a feeling that the new board members are flexing their muscle a bit, and highlighting the fact that the board decided what's what.
    Maybe this is why there is no update. Each director has a fiduciary responsibility, so they will want to ensure they are mitigating risks, embarrassment and law suits. New board members would not care what existing retail holders would think as they are wanting to manage and derisk future plans. Here is a thought thought though, would it not be logical for keep Nifty running, provided board agrees can meet its Q1 2020 target and instead find investment from a third party, sell off some of the mine. This would keep the company goal of becoming an operator in multiple spaces/metals going, and would not derail existing plans for which so much has already been invested.
    Ps. I emailed Damien, wishing him luck with the process. He is not on holiday. He got back to me straight away. "The review is well progressed".
    Last edited by samkeil: 25/11/19
 
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