re: Ann: Notice of Extraordinary General Meet... ASIC have advised that the EGM can be held in Hong Kong because Albidon is a 'foreign' company trading on ASX - clearly this is merely a technicality based on them being registered in the British Virgin Isles, to all intents & purposes they are an Aussie mining firm headquartered in Perth, Australia. The company (read Jinchuan) will have looked into all the legalities surrounding the 'merger' and the EGM and are - to quote one of our guys - 'playing every trick in the book'.
Our own board are laughing at minority shareholders as they steal our mine, just look at who sits on that board - there is not a single independent member but all are from Jinchuan. Of course they are going to recommend we hand the asset over to them for a pittance. They have made it as difficult as they can for any dissent to be heard & for any dissenting votes to make a material difference to the outcome.
Destruction of shareholder value has been their aim from day one, despite the Corporate Governance statement on the Albidon website here which reads 'The primary role of the Board of Directors is the protection and enhancement of long-term shareholder value.'
How many can afford to get to Hong Hong now they have reduced our investments to almost nothing?
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