As a Lindian shareholder and supporter of the company for many years let me attempt to respond to some of your comments.
1. "This is dictatorship"
I guess Asimwe as Chairman with a large number of shares and supporters on the register.... he has plenty of influence on who becomes director and who exits the Board. No different to any other company. You either accept this fact or do not become a shareholder.
2. " He thinks he knows it all ...not proven himself...not willing to put the right team... and enable this to be the biggest and best rare earths project in the world".
Unsure who you believe should be on the Team? Do you have names? What makes you think that LIN may not become the "biggest and and best Rare Earths Coy? Surely its early days. Give it time to construct a mine and plant and expand production. Its only been a few months since it completed drilling, evaluation etc.
Does Asimwe think he knows it all? Only persons who have conversed with him at length can answer that question. Have you spoken to him?
3. You imply that its Fear as the reason that he appoints friends with no input and proven track record as directors.
The Chairman has recently appointed three new directors to the Board.
Mr Park Z Wei... Strategic advisor, with substantial shareholding.
Have you read Mr Wei's credentials on the 4th Sept Announcement? That's what he brings to the company. I imagine that Mr Wei and his associates pressed for him to become a director.
Mr Alwyn Vorster....with a history of CEO at Rare Earths Coy Hastings ( ASX -HAS) who participated in offtakes and investment decisions etc. Suggest you read 22nd August Announcement for more details.
Mr Trevor Matthews...A wealth of experience BUT questionable track record over at Volt Res. I would not have nominated him. A job for the boys in my opinion.
4. "They have Run this company to the ground" you state.
Lindian has not been run into the ground. How can you conclude that inference? LIN has performed well in such a short timeframe with its REE project. It has raised substantial funds, purchased the project, conducted drilling, obtained support from Malawi Govt and Communities, negotiated an offtake and now its in the process of building a mine and plant.
In case you are not aware a company's BOD has no direct influence over the shareprice. Its investors that dictate the market. Look at all ASX listed REE companies and their current performance. All but one substantially DOWN from year highs. Do some research.
Is the shareprice at these levels disappointing? YES YES we all agree that it has been run down by various manipulators and by the failure of large investors subscribing. Hopefully this will change during 2024.
CONCLUSION
May I suggest that you raise your concerns at the forthcoming AGM. Attend or send your questions to the company. HC posts by small shareholders like ourselves have little to no influence on events.
If you are not happy being invested in LIN....consider exiting. Its easy. Many waiting for your shares.
LIN Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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