Very well said Rickaroonie. This latest move is an appalling self-preservation by the Board.
For those of you that are worried if this upsets the Chinese backers, don't. They are after results and will happily put in their own people to test the plant. I'm sure APG would not object to any assistance offered. After all it would be in the contract....
The latest investors understand all too well APG is desperate for funding and have thrown them a bone to evaluate the process. That's great.
But don't be naive to believe that only current Board is critical to seeing the process and results being evaluated.
This stunt by the Board has ONLY come about by the pressure from shareholders.
Keep up the good work folks. A lot of us 'silent majority' are very grateful that you are all trying to recover value and bring proper corporate governance to the Board.
All the best.
KKR
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