And one more thing about the proposals..
They want to remove the current CEO but havent even proposed a new CEO!
This company is going places and they rightly agree that its at an important stage in is development and they want to get rid of the CEO?!
IB is too old to be a CEO and KJ is our main guy on the ground and akin to a COO.
Its getting to a complex stage of project financing and we need a competent CEO to steer the ship. I believe we have one and being based in London is a benefit, as I have plenty of times the London investment community is very experienced in assessing African resource projects and can better price it and its a much deeper pool of investable capital.
So they are proposing to remove our main link to this pool of capital and not proposing an alternative does not strike me as good business practice and governance.
Once again, it affirms my decision to vote NO for resolutions 1-6
Ann: Notice of General Meeting/Proxy Form, page-41
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