Sorry, Mr Jordinson for that outburst. I am just reading through...

  1. 819 Posts.
    Sorry, Mr Jordinson for that outburst. I am just reading through all the Australian Takeover rules with a view to making a formal complaint about Minemakers. I've only just come across this

    "Directors have a fiduciary duty at general law and under the Corporations Act to exercise
    their powers honestly for proper corporate purposes.
    There have been many court decisions on the issue of when defensive action by directors
    will amount to a breach of fiduciary duty."

    I presume you are giving MAK permission to get clearance from the Namibian competition authorities for a good reason e.g. as above and not to give up the fight. Thanks for all you are doing.
 
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