MI6 (ASX) Ann: Notice of Annual General Meeting/Proxy Form

Originally posted by xfactor1: ↑

I understand many shareholders are frustrated, but I believe in the Management team and have nothing but good things to say about them, especially when it comes to Luke.

As @RM8 mentioned, anyone with questions should be proactive and either email the company or give them a ring rather than having a vent on these forums. For those that can’t be bothered, I have included some points below....

Strategic Direction
Without a doubt, the entire team is very excited about their current three projects, particularly Mynt, which will be drilled in two weeks.
The company has the right balance between focusing on existing tenements, which they remain very committed to, and being opportunistic by exploring M&A growth opportunities in the current macroeconomic environment.
Luke believes the best time to buy is now and has a deliberate program of work to evaluate opportunities, frequently engaging in numerous meetings with CEOs and delving into multiple data rooms each week.
From a M&A perspective, the company is interested in bringing in an advanced project into their portfolio to de-risk the company’s profile, bypassing the 1-5 years of exploration and luck often associated with early-stage projects. They are targeting opportunities with a defined resource and ideally a scoping study, complementing their existing pipeline to ensure continuous growth and positive newsflow for shareholders.
Regarding the potential perception of split focus, the company is very efficient in their M&A approach. They spend a day or two in a data room to assess a project's suitability before moving on, unlike larger companies that may spend months on due diligence without knowing where they stand. Their swift and focused approach allows them to capitalize on promising opportunities quickly.

Material Focus
They are prioritizing commodities with large markets and strong growth potential that offers a clear path to sustainable growth, such as gold, copper, nickel, and rare earths.

Shareholder Communication
Shareholder communication is an ongoing discussion within the company. They believe that beyond mandatory disclosures, shareholder communications should be thoughtful and deliberate, avoiding overly promotional messaging that could undermine the company's credibility. They will prioritize substance over sensation, avoiding hype and empty promises.
Shareholders should expect an increased volume of communication between now and March, particularly regarding the Mynt Project.
Shareholders should not perceive slow progress in 6 months’ time given the company's focus on delivering results through business development, M&A, and existing projects.

Future Aspirations
The company is committed to accelerating progress on all fronts, including bringing in new project(s) that complement their existing portfolio. As an example, they rapidly scaled up the Aston Project from one team in May to three teams upon identifying three lithium anomalies and liking what they saw. This demonstrates their ability to adapt and respond quickly to emerging opportunities.

Management’s Commitment
Luke speaks daily with Tim Goyder and Anthony Cipriano, who are actively engaged and committed to Minerals260, providing invaluable support.
Luke has skin in the game and is fully committed to the company's success, which is demonstrated by his decision to relocate from Melbourne to Perth with his family and aligning a significant portion of his salary package to options (worthless unless they hit the 68c strike price)

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thanks for the update. always appreciate someone who puts this much effort into a post. personally think it's good that Anthony has left liontown, as it frees up his focus

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Last 14.5¢		Change 0.000(0.00%)		Mkt cap ! $33.93M

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14.5¢	14.5¢	14.0¢	$14.16K	100.2K


Last 14.5¢		Change 0.000 ( 3.57 %)
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Last updated 14.56pm 13/05/2024 ?

thanks for the update. always appreciate someone who puts this...

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thanks for the update. always appreciate someone who puts this...

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