Some truth in the fact that Crown was a massive distraction during the critical months after Fukishima.
8th March NYT article
11th March Fukishima
16th March Lynas Signs Master Agreement with Forge Resources for the sale and potential development of the Swan and Crown Deposits
11th May Lynas and Forge Terminate Agreements - EGM Cancelled
For three critical months as Fuzzy was whipping up an emotional frenzy the Board and Mgt were focused on defending their arrogant and disgraceful action on Crown. All Directors pre Ziggy should be held accountable for the lack of effective performance during those critical three months.
I still stand by my thoughts that we don't need major turmoil at Board or Mgt level at this delicate stage, SMSL would view it as a major victory, but those original Directors should be replaced at first opportunity and NC to Non Exec Chair, at the very least. Crown was a disgrace in own right but also a massive distraction from dealing with a major threat, that now threatens the very business itself.
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