SUV 6.90% 6.2¢ suvo strategic minerals limited

Ann: Notice received under section 203D of the Corporations Act, page-7

  1. 18,502 Posts.
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    Hi Sweetsound …

    I bought a few of these on a punt because of Primero’s investment but had not looked closely at the company until a bit just now .

    It seems that -as well as being non-executive director, Len Troncone has been COO and CFO since January 8 this year [ref].
    And before that - last August he resigned from his position as CFO of Parkd (PKD) [ref] specifically to join SUV (as an inaugural non-executive director {as proposed in 05/08/20 SUVO replacement prospectus}.
    (He had been at PKD since April 2019 when the position was created[ref] with a long and solid career behind him before that.

    The man calling the meeting to dump him from the board, Dr Ian Wilson, appears not even to live in Australia.
    https://www.businessnews.com.au/Person/Ian-Wilson
    https://www.indmin.com/events/detai...er-details/a0rd000000fuyyjma1/ian-wilson.html
    … so it is hard to fathom that Len has fallen out with him (assuming that him falling out with someone is the reason they want to eject him?).

    As @Blythefan said I think it might smell a bit of “the spice of drama” than of mere fluff?

    cheers
    Last edited by sabine: 24/07/21
 
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