A 249D is the nuclear option. Pressing the directors strongly...

A 249D is the nuclear option. Pressing the directors strongly with carefully worded and to the point emails, repeatedly, is what you should do now, IMO. Writing to ASIC and the ASX is also worth pursuing at the moment.

As I said above, it is time for the company to begin to treat itself as a producing mining entity and to tick the boxes. It's time to clarify its pricing structure, forecast production and revenues, and provide clarity on costs and so on. This will allow investors to make decisions in a better state of knowledge.

Now, is it the directors fault? Yes. They decided to go down this route. Are they worth tipping out? Maybe? But it should be noted that people make bad decisions all the time or decisions based on partial and incomplete information. This is especially true in shoofty jurisdictions like Madagascar at the height of a graphite boom when FOMO makes even level-headed people make hasty decisions based on hunches etcetera.

Also taking risks is part of mining, where you have to take risks to make money. Sometimes even BHP and Rio make mistakes and cook the goose.

Just some perspective in terms of people's opinions of the decisions that directors make.