Diversified Metals, page-8

Good find JohnDW, kudos to you!! This will certainly create a few ripples.

Anything to say @kevscranes , @The Gift, @adelaideoval about this deception. Where is the Corporate Governance hey adelaideoval? Watch out for backstabbers and muppets I say.

Craig Hart lied to shareholders about taking up his rights issues as he stated he would and then did not.

This is what Craig Hart said about the Tranche 1 options before they were voted on at last year's AGM (https://www.kogiiron.com/sites/default/files/asx-announcements/61011495.pdf)

The Tranche 1 Options have an exercise price of A$0.03 and vest immediately upon the granting of the Options, following shareholder approval of this Resolution. The exercise price is 30% above the prevailing share price at the time the notice of meeting was issued. It is further submitted that this is a fair recognition of the recent capital placement of $1.4 million, being the only capital transaction for some time and was raised within weeks of the current board being fully constituted.

Moreover in the recent Annual Report Craig Hart states that:

Director consulting fees
Chairman
The Board approved an additional salary of $5,000 per month for the Chairman from 1 November 2020, whilst the Company elects not to appoint a Chief Executive Officer as a cost saving initiative. This is in recognition of the increased workload for the Chairman during this period.
https://www.kogiiron.com/sites/default/files/asx-announcements/61059640.pdf

Yet in last year's Annual Report Craig Hart stated:
The remuneration of each of the Directors is as follows:
• Mr Hart receives Directors fees of $100,000 per annum, as a Non-Executive Chairman, and a further $5,000 per month over the period 1 November 2020 to 31 January 2021.
https://www.kogiiron.com/sites/default/files/asx-announcements/61006992.pdf

This is either a typo which is plausible but given the form of Craig Hart could it be a misrepresentation? Has Craig Hart been collecting and extra $5,000 per month when he said this would only be until the end of January 2021?

Starting to get very smelly, I wonder who is in control of Corporate Governance adelaideoval any ideas? Maybe someone should think about running a 249d to get to the bottom of this?