We are afraid that the Company is not being run in the interests of the corporation & of the shareholders, that the Company may not be in compliance with ASX Listing Rules & Principles of Corporate Governance & Aussie Corporations Act law, that the Board are not independent, that the CEO is not in control, that the Company is being run merely as a vehicle for the securing of African commodities into China with no regard for the Company share price, that the promised Aussie directors & MD will never materialize under the current conditions, & of course that the Convertible Notes have to go before we can begin to move toward fair value.
Jinchuan do not wish to increase their percentage holding so any Notes conversion will also be accompanied by a Capital Raising - this is impossible with the share price where it is & the Notes prevent the share price from rising. The Notes are of no benefit to any party & yet Jinchuan will not let them go - why?
The situation we have defies not just logic but all the advice of market professionals, not just of the shareholders action group. The Company simply can not go forward unless things change.
WE are trying to force that change. Please join us.
Add to My Watchlist
What is My Watchlist?
