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26/01/15
22:15
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Originally posted by CroMagnon
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Of course shareholders have rights - including but not limited to the one where they have a right to know in advance that things are in place or will be in place - if and only if they have a sufficient number of shares.
GXY has 1.06bn shares so my guess is that ownership or control of 100+mn will get you an (possibly economic with the truth) answer and 200+mn could get you a seat at the directors table where you get a chance to participate in formulating answers to shareholder questions.
Needless to say that I am not in that league.
The latest rumours have it (not verified by Reuters):
The chairman is in Canada and GXY is not his top priority.
The gentlemen who are running the GXY show now, Whitfield (since Oct 2010) and Tse (since Oct 2010), are in Hong Kong and busy with the preparations for the oncoming Chinese New Year. Those two have been around for a long time and may remember some of the key items they have been involved with:
- World's largest battery grade lithium carbonate (plant) at 17,000tpa
- China's largest and most sophisticated lithium carbonate producer
I guess it is not fair to ask what has happened. Maybe it was just too sophisticated.
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Interesting! You just added more to the intrigue! And perhaps more doubt in the heart of those shareholders who are holding on. Intentionally, I wonder??