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Ann: Notice of General Meeting/Proxy Form, page-31

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sachz

11,392 Posts.

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15/02/17

23:39

Post #: 22650968
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Originally posted by marakai ↑

Having given due consideration to the proposed resolutions requisitioned by the
Requisitioning Members, your Board recommends that you vote AGAINST all resolutions.
In the past 12 months the current BGS Board has:
1. Acquired the world class Bougouni Lithium Project (“Project”) in Mali. Kevin
2. Delivered a Maiden JORC Resource of 15Mt at 1.48% Li2O positioning the Project
as among the highest grade lithium projects in the world today. Kevin
3. Advanced our valuable gold assets towards likely near term cash flow. Kevin
4. Increased the Company’s market capitalisation by ~$50 million. Kevin
5. Delivered share price growth of over 500%. Kevin
6. Completed a Scoping Study and commenced the Pre- Feasibility Study (PFS) at
our Project. Kevin
7. Secured two memorandums of understanding with multibillion dollar Chinese
groups with potential strategic downstream significance to BGS’
commercialisation strategy. MM
8. Attracted a $107m cash offer for the Project, subsequently terminated by BGS
due to failure by the counterparty to meet strict conditions precedent. FAIL!
9. Progressed recruitment for best-in-class mine developers and operators as we
progress to production. WHEN, WHERE and HOW ? first I've heard of it.

"THE CURRENT BOARD HAS A CLEAR PLAN FOR COMMERCIALISATION
The existing Board has outlined – and is executing - a realistic plan for the rapid
commercialisation of the Bougouni Project:"

Why have we heard nothing but crickets then when the above is what dozens of people have been ringing and emailing about in an attempt to get any sort of information at all over the last three months ?

This statement basically tells us the two board members concerned , while qualified, have not done much of anything to move the company forward in their own right at all, and even at this point in time are unable to communicate with the shareholders.

There has been no communication, no timeline or strategy towards a mining solution laid out for us to contemplate, no justification at all of the failed LOI, just silence until this.

KJ has earned his way here, the other two are dead wood. No animosity at all, maybe a tad suspect at a certain members conduct, but over all just a sense of Sorry not good enough.... Goodbye.

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absolutely BRILLIANT, you've summed it up nicely! It's all KEVIN.

BGS Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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Ann: Notice of General Meeting/Proxy Form, page-31

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