Agree locky...on the face of it, this looks suss. Even when Nic Curtis was proposing to sell a LYC resource at rock bottom price to FGE, he did NOT jump the gun and proceed regardless. It was clear that he had a personal interest in FGE and would have benefited. There was a shareholder revolt over the matter and the proposal was reversed.
Proceeding without a proposal to shareholders, by not giving reasons for a proposal, nor what possible interests are involved and how the decision was arrived at having regard to shareholders interests is treating shareholders with apparent contempt.
Duty of Directors is primarily to shareholders. This is an inferred resource, so why sell if there is no financial pressure to do so? NOT a good look AYN.
While I am waiting for a very good explanation....whatever the justification, this is going about things the wrong way.
AYN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
