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29/06/21
11:50
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Originally posted by FjordInvest:
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The owls are in the moss. The board must now do the honourable thing and fall on their swords and bring Caruso back before it's too late. Heavens knows what mess they have made in the mean time. In the past 3 moths these guys have successfully overseen the following:Dubious Termination without any sensible reason given of CEO who many view as integral to the companies success South Africa, DMREserious notices not unresolved Australia Supreme Court action forsubstantial sum Superior Graphite deal failed Skaland production facility caught on fire Nomination for director Mr Walker who wasremoved 2 times previously Company accounts details in quarterly report printed erroneously Accusations ofinternally mandated theft Trading halt pending announcement of capital raising Now asuspension to finalise the commitments to capital raising...why announce it in the first place? CEO Baker on $40,000 a month for overseeing this Was looking forward to the announcement today as it was perhaps a glimmer of hope. If they could have pulled off something at a decent price that would have really given them some kudos. However it is now abundantly clear that these guys are making it up as they go along, they do not have the support they thought they would and they are not suitably capable to run MRC and are in panic mode. I hope they don't halt the AGM
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They obviously don't have the numbers To pass the remuneration resolution which means two strikes and their out...so yes i think they will call off the AGM.