Interesting read in the Oz this morning about the directors...

Interesting read in the Oz this morning about the directors settling their differences and moving forward in a mutually beneficial way. Bodes well for investors in both ATU and MetalsTech.


http://www.theaustralian.com.au/bus...y/news-story/a5952f167372b45ce77255c51fe846f4

Peace, bro
It is the most impressive breakout of peace since Belfast’s Good Friday Agreement.

The late billionaire turned prisoner Alan Bond.
Followers of junior exploration company Atrum Coal may remember that the company’s stellar start to corporate life — it was the ASX’s best-performed IPO of the 2013 financial year — was soon followed by a legal brawl between its three founding directors.

Jeremy Bond, a key investor in Atrum Coal and MetalsTech, and grandson of Alan Bond.
Young executives Russell Moran andGino D’Anna, along with their chairmanJames Chisholm and key investorJeremy Bond (grandson of the late billionaire turned prisoner Alan Bond) all made paper fortunes as Atrum shares climbed from 20c to more than $2 during its first year on the board.
But the goodwill between the trio evaporated faster than the Atrum share price during an ugly 2015. The stock slid and Chisholm started to fear that Moran and D’Anna could be forced to sell down big chunks of their holdings.
This led to an extraordinary situation where Atrum went to court seeking action against its own executives in a search for clarity over margin loans linked to their stakes. Moran and D’Anna left soon after.
More court drama followed when the pair launched a new venture based right on the doorstep of Atrum’s flagship anthracite project in Canada.
Writs were issued, laptops were seized, insults flew.
Incredibly, we can reveal the foursome are back in business together.
Both Chisholm and Bond are putting cash into Moran and D’Anna’s new lithium exploration play MetalsTech, which is looking to list on the ASX later this year.
Bond will emerge as a major shareholder.
The sudden benevolence is going both ways. Both Moran and D’Anna are going to be in Sydney next week to vote their remaining Atrum shares in favour of its proposed investment into Atlantic Carbon.
Whoever sorted out the mess should head to the Middle East next. Mending its millennia of bad suddenly looks possible.