I'll kick it off:
The Company is claiming to have cut costs
~ but engage a 3rd party PR firm to handle share holders enquiries rather than answer the phone or emails which is contrary to the Company's Shareholder Communication and Investor Relations Policy
~ have engaged a third party firm (Treadstone) to make divestment/acquisition decisions whereas the current board have the required skillsets, qualifications and years of industry experience to manage their own review and divestment/acquisition decisions.
~ the Chief Financial Officer's position was made redundant, without termination disclosure (reayments) but the Company has since engaged a General Manager Finance? without any notification to the market, on what contractual terms and conditions, with no biography of previous employment and or experience.
~ the Company maintains senior management & KMP's of a fully functioning ASX listed Mid Tier (2) Gold producer which is detrimental to the alleged corporate overhead reductions (inclusive of the 2 consultant/PR firms and the General Manager of Finance) but currently is undergoing steps to completely divest its main (core) business undertaking and has no plans for a replacement business core activity to have the Company re-listed to quotation on the ASX.
~ the Company maintained the employment of the Managing Director passed his probationary period and this will eventually cost shareholders a sizable amount more on his termination.
cheers
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