Why are there five salary earning sycophants on the board continuing to to earn salaries and fees when really SLX has nothing more to develop. After the dud subsidiaries and non performing non core businesses are disposed of for bugger all, what is the 5 member board going to do for the next 3, 5, 8 years apart from bleed the company of vital cash and meet 4 times per year to have coffee and cake and talk about what could have been or just what might be in the future. We already know SLX cannot in any way influence or speed up the uptake and commercial development of the U enrichment technology anyway.
1. Reduce board size to min level immediately (2 or 3)
2. Calculate how many $$$ is required to put company into survival and hibernate mode until the first royalty cheque from enrichment comes in. Say retain enough cash for 16 quarters of bare bones admin and ASX listing costs and return amount above this to shareholders immediately by way of dividend.
The board is either greedy or in denial like many blind and deaf cheerleaders on these SLX threads.
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