Back to the topic of the Convertible Notes being responsible for the current pathetic shareprice, & why we must exert pressure on our Board & management to repay those Notes or convert them to simple debt.
A highly-respected broker from Perth was commissioned by our very own management to give a presentation to our Board one day prior to the recent AGM. By all accounts the presentation was of an excellent quality & very well received - this very broker informed our Board that the Notes were THE major impediment to the Company moving forward. The Company now want to commission this same broker to publish a research report on Albidon - apparently he is willing to do this with a Buy recommendation but not while the Notes situation remains. In short the Company is a screaming Buy when the Notes go.
A trusted source confirms that any broker in Australia will tell you the same thing - the Convertible Notes are keeping the share price in the toilet. We have to deal with them, & they must be dealt with in the correct manner to ensure a rampant share price follows: the only viable option to take the Company forward is to repay the Notes or convert to debt.
Further, we are all aware that no amount of news has any positive effect on the share price. This is because of the Notes holding the price down, & the threat of dilution. Remove the Notes problem & a proper media campaign with news releases can follow, in tandem with real demand for stock.
Action is needed, we have the brokers behind us. At present our Albidon is effectively being run by Jinchuan to supply them with Ni concentrate, our own Board do not seem to give a hoot about the share price or the shareholders - they are Jinchuan men! Pressure must come from we shareholders, the new email campaign is the first step - I urge anyone that values their holding to fire off an email or two today.
They must be made to listen, they are accountable to us - this is the ASX & not communist China, Jinchuan come from a different world as a Chinese state-owned entity. They can not be allowed to run Albidon as their fiefdom, with flagrant disregard of ASX Listing Rules & Princliples & the Aussie Corporations Act. Tell them you will not stand for it, make your voice count: the Board HAS to be independent, & they HAVE to work in the best interests of the corporation Albidon & the shareholders.
You might also want to enquire how they are progressing with their stated AGM aim of recruiting Australian executives to the Albidon Board, plus an Aussie Managing Director? How are the interviews for these positions going - or not as the case be be?
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