Nic I fully agree with you. If Sandon or anyone else interested in gaining control must state PUBLICLY they support the existing return and will vote for it so ALL shareholders win .
If post this cap return PAID they want to return more or take the company over then good luck to them -
Declaring they will support the cap return and absolutely vote in favour of it will assist in deciding how to vote at the next meeting .
Without a PUBLIC BINDING declaration then its the devil you know .v. devil you don't. Existing Board for all their excessive board seats and lunches have a proven track record in retiring capital, if nothing else.
If CHZ have not found a resource project yet then unlikely to. Bring in new resource / mining pro's.
If CHZ wants to become a tech / dot com / pizza making etc.. or anything else, then give money back and let shareholders decide for themselves if its a good idea - if it is a no brainer existing shareholder might return all the money and say get on with it - new Board and all.
Too many unanswered questions and "trust me, trust me" about Sandon until unless pre-vote they state absolute detail of way forward.
Sandon should be CONGRATULATED for getting the result they wanted e.g. Capital return for them and all shareholders, and no need to delay giving cash back with extra reviews and and more reviews which means new directors getting paid to do nothing - had enough of that - CASH BACK ASAP
CHZ Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
