You won't get any information about what is going on. No quarterly mining and shipping reports, No guide to Sales price or AISC of the coal produced
And opens the company up to manipulation.
Project still looks great but without the governance control, there is no guarantee you will see your fair share of it
"the restrictions around the giving of a financial benefit to a related party under Chapter 2E
of the Corporations Act will no longer apply; and
various requirements of the ASX listing rules will no longer apply, and these may include
relief from some reporting and disclosure requirements, restrictions on the issue of Shares
by the Company, requirements concerning significant changes to the Company’s activities
and requirements to address ASX Corporate Governance Principles and Recommendations"
