- At the end of the Quarter, the Company held approximately $6.557 million in cash reserves
- A Namibian Value Added Tax (VAT) refund of NAD $3,177,912 (approximately AUD $316k) was received during the Quarter, bolstering the Company’s current cash balance
- During the Quarter, the Company received a defective 249D notice seeking director changes
AND NOW ALL OF A SUDDEN
- The Company has had discussions with the group of shareholders which lodged the notice and will update the market with any further developments as necessary
- The Company aims to maintain communication with all shareholders and, in compliance with the Listing Rules, will report any material matters via ASX Announcements.
- In addition, the Company continued reviewing potential acquisitions and investments in commodities which complement or diversify the Company's current commodity exposure.
Why do we hear that now ? Was a 249D notice necessary to wake up BoD in order to take care of shareholders ?
I am not a fan of 249D, but if this one takes progress in our company, then it's all good. Perhaps this is the beginning of "complement or diversify the Company's current commodity exposure."
Future will show, if their words are credible !!
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