@JC
Forget mining, IMV , there is and has been another strategic play going on between Wavefront and NXR
since suspension as well as capital preservation as Red suggested. NO Probs with that. Zhang not drawing Dir fees which is good, My concern is the Board is not balanced, this could restrict opportunities if the direction is solely focused on China,
This could pose a problem with the likes of Defat
if that is the case NXR needs to have watertight MOUs in place with sizeable upfront payments. we should not ,subject to validation be restricted to a single entity unless the above conditions met. FMF raised these points in previous posts.
This tech has far to many applications in many industries and imv all should be explored for the the benefit of all shareholders.
This message has been clearly communicated to Zhang , However not sure if been listened to, the additional Chinese board member suggests leaning one way.
I know some have been very critical of Shanny Dyer , which I believe if not for her we could of been dead and buried by now. Theres a lot more going on imo , Wavefront relocation to Sydney cbd, another board member joining them , If the two merged then we would have balance. It must be remembered that Wavefront have no obligation to annc anything , their contract is with NXR so dont expect anything from Wavefront. It is Zhang who is our point of contact.
This may play out sooner rather than later and if possible it would be good if all HC members could act as a combined group ensuring our interests are protected , if an EGM is called we need to act as a single group for our benefit. And I am not suggesting an EGM being called for the reasons posted recently.
Zhang hasnt answered all the questions put to him so if you cant or dont wish to answer shareholders questions its time to go.
We collectively have a large stake and some of the Chinese holdings are hidden behind trusts and time maybe on our side if acting as one and have the same common interest. For me a balanced board is a priority as soon as validation is complete. I think it may be sooner rather then later.