This appears to be a power struggle between 2 original company...

This appears to be a power struggle between 2 original company directors.
The 23rd Oct notice of AGM/Proxy form sets out Lindh's view [ resolution 4 ] about why Chrisp should NOT be appointed, and Chrisps proxy letter just received gives the opposite view.

In Chrisps favour is his geological and founding MD status, not happy at being sidelined?

Personally I do think handing 2 board seats including Chrisp to HK based South Cove Ltd who are 30% shareholders in CXM may be risky [ corporate action before CXM potential realised? ], but then allowing continuing control by Aussie financial interests associated with Lindh may also be risky.

I dont agree with Chrisp's comments under "Strategic Development required". about agreements being slow to implement and progress towards cashflow being too slow.
Blame FIRB, agreements were inked a long way back and well signalled to the market.
And recent NSW prospecting shows the company is looking beyond the current SA action.
Things are progressing as previously stated by the company, if a bit slow, and the present FIRB related trading halt is a further step in this.

What really worries me is the lack of interest by larger ASX players in the success milestones being announced by CXM. I know it is hard to quantify a P/E for magnetite projects 4 years away, but I really thought the SP would have advanced much more than it has lately. Do the "big boys" know something ? Are the internal power plays putting them off ?

Be interesting to see what happens to SP when the trading halt lifts tomorrow