to support my investment, I would say yes absolutely. But am I capable of the job? no. Heres why.
I agree, it is seeming more and more that we need to have someone independent. The current trio, by folding to MIN, and altering the narrative by introducing red herrings and geological doubt, have dented the faith we previously had in them. Unless they are able to restore that faith - a truly independent director will be needed. That person needs to be the "eyes and ears" of the group that puts them in. For this to work, in this current environment, you need a big shareholder who together with all of us retail have >20%, to back them up. As a collective, we would need to have faith and support such a shareholder and any board nominee they put forward. It may even need an agreement between that person and the supporting shareholders, so it can start getting complicated.
To be ale to wade in this cesspit of a situation you would need exceptional knowledge of the corp law and asx "rules" - things i do not have. Once you are on the board, you are hamstrung in what you are able to say publicly. You take on an extra degree of legal liability and whilst you would have directors and officers insurance, such insurance may have exclusion clauses that also make you keep your mouth shut. It would be a shitty job, as the work dynamic would be adversarial. JV meetings would be like sitting next to a fox and a wolf with a hyena in the background. Only the mastif seems to be missing at the moment.
Now for something a little different.
If my suspicions are correct, it may be that someones appearance on the register in mid Dec 2022 may have hastily triggered MIN into action. When MIN got the ABN number wrong in the fist offer, it could mean that in their haste, MIN may have cut and pasted their STX docs and issued the offer to NWE, to try to put a spanner in the works of that someone. As we saw, it had an immediate effect on the NWE SP. So if you were lurking around picking up 20c lollies for 4c, all of a sudden, you now have to pay 7c for them. So this someone may still be active...but rest assured, they have competition from another school kid. And they may be both be happy to pick up 20c lollies at 7c. If this pans out, then we may have the situation where one of those school kids, could get enough lollies to put up a resistance front to make sure their lollies get to rise to their full potential, or use those lollies to get something else they want.
Additionally, MINs inflammatory (to minority NWE shareholders) public narrative may have had the effect of cementing the resolve of minority/retail SH by getting their backs up. So for those who have held...he may have done us a huge favour. A side benefit of such an approach for MIN would be that MIN catches a few via bunnies and guns for hire and gets beyond the 25% mark.
I personally, would like to have the opportunity to view their geological info for myself.
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