On 27 November 2024, GL1 announced that Matthew Allen would be made redundant as Executive Director for Finance, effective 6 December 2024, while retaining his position as Non-Executive Director
On 29 November 2024, Andean Silver (ASL) announced that Matthew Allen would join as Chief Financial Officer, effective 9 December 2024
Misconduct?
It seems highly unlikely that this transition happened within just two days. For a listed company to finalize such a decision, it’s clear that Matthew must have been negotiating with ASL for some time.As someone recently appointed as GL1's Executive Director for Finance, Matthew had a duty to inform the company and shareholders of his intentions. Failing to do so raises serious concerns about transparency and ethics
Abuse of Company Funds?
The announcement from Ron framed this as a "redundancy," not a resignation. Was a redundancy package issued? If so, this could be seen as a misuse of company funds. Framing it as a redundancy, rather than a resignation, seems particularly questionable.
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- ASL announced - Matthew Allen would join as Chief Financial Officer, effective 9 December 2024
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global lithium resources limited
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On 27 November 2024, GL1 announced that Matthew Allen would be...
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.03M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.5¢ | $128.2K | 639.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 11706 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.5¢ | 67194 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.190 |
1 | 3546 | 0.185 |
2 | 109000 | 0.180 |
5 | 131298 | 0.175 |
6 | 220937 | 0.170 |
Price($) | Vol. | No. |
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0.205 | 47545 | 1 |
0.210 | 15214 | 1 |
0.215 | 25000 | 1 |
0.220 | 50700 | 3 |
0.225 | 27574 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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