“Global Lithium’s foreign control concerns pertain to the circumstances surrounding a potential change of
board control of the Company and the possible consequences for all shareholders. These concerns also
include the potential for transfer of effective control of Global Lithium’s 100% owned Manna Lithium
Project (Manna) near Kalgoorlie without a control transaction taking place or premium being paid.”
It’s getting a lot clearer what’s going on.
I think this opportunistic shareholder ( and his backers) wanting to take control of the Board has a lot more at stake than just his holding of GL1
Ron’s been doing the best job he can preserving our cash which is just over 7c cash backing and I agree, now is not the time to bring out a DFS or an FID with the current depressed lithium price.
CXO was a producer and has halted production due to lithium price. All lithium pre producers/ developers ate in the same boat..what does that say about us?
I’m down 80% like many here but flipping the Board now with this property guy is not the way to go.
I’m with Ron ..
GL1 Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)