major shareholders, page-18

"the MATES club"

I think that is the important point emanating from this thread.

The Mitchell family with Peter Mitchell (Stephen's father) on the board of MPO and Lowell was able to commercialise the value of an investment of theirs by arranging for MPO to purchase the asset - Liulin. The consideration was MPO shares. In the process, the Mitchell family then had sufficient shares to arrange for Stephen to be appointed as a director, and within a month as Managing Director.

Hobday was on the board of MPO at this time.

Beard was appointed Director & Chairman by Stephen Mitchell.

The "Mates club" currently represents the majority of the board of MPO and it needs to be broken up to improve the accountability of the board to shareholders of MPO.