I don't think it matters if the Board has a legal obligation or...

I don't think it matters if the Board has a legal obligation or not. A few years ago a group of shareholders tried to toss out the board apparently because they were upset at not being involved in a placement at a discount to market. Whilst their attempt failed, not too long afterwards a new Chairman and CEO were appointed. Who found them? A year or more later, that Chairman and CEO departed and were replaced by Mr Hart and his nominees. Who found Mr Hart? And then came the "up to $10.3m" capital raising, the key component of which is Diversified Metals Holdings. It is an understatement to say the deal secured by DMH is unusual - and not available to all shareholders. Add to that the fact there is no information about DMH available and no wonder some shareholders are skittish. Given the history, the Board should clear the air. If they don't, the matter will continue to fester.