HVY

16.7%

10.5¢ heavy minerals limited

Too many ASX listed companies have board members that are simply...

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Dumaguete22

8,022 Posts.

1167

03/12/22

17:19

Post #: 65134905
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Originally posted by winsomelose: ↑

here here!
The process of the 249/203D has merit as there could be circumstances where a company's bod's are simply not performing or may not have the right mix of expertise and experience to progress a business plan. Enter the 249/203D to dislodge those issues where they do not voluntarily accept their shortcomings.
Recent events made it apparent that HVY's issues dislodged themselves via resignations. They didn't want to be here so they resigned/were pushed, whatever the case may be but a resignation is a resignation.
The proponents simply have no reason that sh's are aware of to support this hostile move.
Where this process is compelled against a company and its shareholders with no basis or justification it simply becomes a tool for disgruntled parties to create white noise in an attempt to damage reputations, remove sh confidence and ultimately becomes detrimental to the sp as appears to be the case here via a number of instruments.
The asx should (and perhaps does) monitor these actions to hold accountable those who use them unfairly especially when they are unwilling or unable to justify cause and have no basis for their injurious and prejudicial actions.
On the basis of no justification I would hope to see and expect a withdrawal notice. Further shame on the proponents should they proceed with this injustice.

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Too many ASX listed companies have board members that are simply there because the company cannot operate under the listing rules without a certain number.

Here we had a retired old man, now we have energy and experience moving in for the road to development

HVY Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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Last 10.5¢		Change 0.015(16.7%)		Mkt cap ! $7.039M

Open	High	Low	Value	Volume
9.0¢	10.5¢	9.0¢	$7.03K	75.46K

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Too many ASX listed companies have board members that are simply...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buyers (Bids)

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Too many ASX listed companies have board members that are simply...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News