Whiskey
Again you have missed the mark. At no point is this about responsibility for our own decisions and placing blame on others.
At the end of the day under the corporations law (s181-185?) directors have a duty to act ONLY in the best interest of shareholders and to avoid conflicts of interests or perceived conflicts of interests.
What's even worse is to portray to the market since December 2021 that going downstream (Carbonate) by 2026 was a no brainer and to even go as far as to say "production in 2026" is misleading and deceptive. On top of this to then raise capital with no qualification or change to these statements, is going to be hard to walk away from.
If this was just a tanking market for concentrate I for one would accept the reduction in my investment. To have participated in the capital raise to support a company that says one thing on paper and then acts differently is a hard pill to swallow.
The company NEEDS to address issues raised at the AGM and release this information to the market.
- Summarised budget
- Carbonate for NAL and if so when
- Hydroxide for Moblan and when
- Costings for NAL Carbonate, how will it be funded
- Costing for Moblan and how will it be funded.
- If Moblan is to be a partner producing hydroxide only state this, without the confidentiality of who.
- If not Carbonate at NAL how will Hydroxide Capex help our minor partner. If this is the case what do we get in return.
- Why waste our money propositioning shareholders prior to the AGM.
- Why waste money on unnamed legal and accounting representatives at the AGM when CPA and solicitor on BOD.
- Any CEO's shortlisted yet.
- Put to bed categorically our offtake agreement with PLL.
- IF BL was the issue have the balls to address this.
The list goes on.
Please maybe sit on your posts prior to hitting send.
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