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Ann: Notice received under Section 249D of the Corporations Act, page-36

  1. 3,585 Posts.
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    if this is handled the same way it was in GPP and it has all the appearances of at the moment, then it is doomed to fail, SHs trying to get rid of a board, new secret plan that wont be discussed till its over and new directors in place, the conflict of interest is high when the chief play maker wants his wife on the board, I am sure there will be plenty of qualified people out there that can do the job, the replacements have to be involved in this type of work and understand the intricities of the mining sector, they need experience in mining or running a mining company, do not just put people in so you can remove others, it will never work and the only thing that will be affected is the SP, how do you think you will get new investors in with deep pockets, this is a very serious thing that is going down, and if you put the wrong people in as another company has on 2 seperate occasions you will get the same result, an SP that is at an all time low, removal of directors never works, it has the exact opposite affect you want, you have enough votes to call an extraordinary meeting and send in a delegate to lay down the law to the existing bunch of directors, once you go this way there is no coming back, good luck
 
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