Should be a pretty quiet meeting with all the chairs well spaced for the lucky few who live in SA.
I for one will be voting against increasing the share placement capacity. Its an horrendous enough prospect to think of issuing 15 % when the companies share price is smashed.
IMO If cash is a problem the board should take a massive cut in pay and be reduced to three members.
The management team should do likewise and similarly be trimmed to the bones
With the plant closed down all unessential expenditure on rehabilitation and maintenance should curtailed and we should stop spending money on Indonesia.
After garnering as much as possible from the stimulus measures we should look to the SA government for a loan to progress the UG, if we don't have enough cash to do whats necessary to get that proved up and ready to go.
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