Australia's largest stock trading and investment forum Australia's #1 stock forum

MAN

3.70%

2.6¢ mandrake resources limited

MAN RAS Lithium Nearology ?, page-34

First 34 Last

Share
Profile

Follow
shellies

695 Posts.

160

29/09/22

16:14

Post #: 63947007
Share

Originally posted by malay: ↑

This is not my preferred choice, but I am willing to put up my hand to be involved if needed to be. I have been down this road previously and it was time consuming however we got the job down.
FFX was previously known as BGS before they bought a lithium project in MALI. It was a small exploration company with a similar management set up as MAN, a CEO and 2 non executive directors. You can tell the CEO was the one running the show.
Shareholders in the HC Forum were infuriated with the performance of the directors. So much so, that a shareholder representative of the members here approached management to view their grievances. A member based in Perth went to the office personally. Unfortunately he was ignored.
Members called for an EGM and still there was no resolve, however directors resigned on the eve of the EGM. It wasn't that difficult if we have the necessary professional ready to assume the role of CEO. As I said, this is not my preferred option but I am willing to use my previous experience and professional capacity to exercise my rights to guide the participants in this regard.
I rather JA change his attitude by acting his role as a CEO, not merely a technical person.He needs to start managing reasonable shareholders expectations. His interests need to align with a shareholders and he needs to regularly update and keep shareholders well informed. In this way he will have the support of shareholders.

Expand

Malay, I have time on my hands, in my retired position. I know nothing of the process, but I would happily assist in whichever way you pointed me.

MAN Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t