CLZ 0.00% 0.3¢ classic minerals ltd

Insolvent next move, page-115

  1. 82 Posts.
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    Current gold prices certainly create opportunities for those organisations with a clear mission and vision, ethical values, effective corporate governance, and a competent board and management which continue to satisfy their legislative, compliance and fiduciary obligations.

    The material and continuing erosion of shareholder value and increased business risk indicate these obligations are not being met, despite the extraordinary wages and performance incentives being paid to those who have contributed to these adverse outcomes.

    Given the demonstrated (and documented) company underperformance are you able to expand on what you’re proud of?

    I thought the following link may be of interest to the group:

    https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-256mr-asic-warns-of-social-media-led-pump-and-dump-campaigns/







    Last edited by Tentative: 08/04/24
 
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