1MC 3.23% 3.0¢ morella corporation limited

Lost confidence in BOD, page-70

  1. 236 Posts.
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    PLS is at the other end of the spectrum. For me, they talk too much. Altura talks too little. There is a happy medium but neither seems to have found it in terms of the right amount of communication.

    All that being said. There is a mine, there is production and the first sale is due. There have been resource upgrades and sporadic updates through the ASX. There are some things we shareholders do need to know but looking at the situation the board does not seem to be in a position to tell us. It seems reasonably clear that the first shipment will go to Lionergy. We don't know what price will be set but we will find out once the sale is agreed to.

    We don't know what is going on in the control transaction space but the ASX rules are strict on this and there is no reason to think they are not being complied with. We are not being told anything because the situation is still too fluid.

    I actually don't want a song and/or a dance. I want real and timely information that will inform the market about what we are doing and where we are going.

    My position is the Board needs to get a bit better at communication but in terms of delivering a world class facility producing an in demand product, they are doing just fine.

    GLTAH
 
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