Well unless the last two quarterly reports were fabricated, and...

Well unless the last two quarterly reports were fabricated, and the analyst reports forecasting production and costs for the next 2 years based on them were also not fantasy... Then I think FML would do better without a board of directors for the time it takes for a nominating committee to appoint new ones. The share price history is much better over the last 2 years when the directors are not making announcements!

I am sure that our share price would be well north of $0.05, following the trend of gold since the announcement. It astonishes me that people who bought into FML before the Shandong proposal (on the basis of these quarterly reports and analyst reports), are now convinced they need to vote in favour of the deal because FML can not manage without a capital raising. If the SDG proposal is responsible for the share price dive (and that seems the only possibility to me) then the price will bounce back based on fundamentals and gold price, both of which have gone up over the last 2 months.

So in short, I do not see any problems from a spill motion, only benefit for the share price. A board spill is also a good time for a takeover offer, which would likely be at a big premium given the 5c offer from SDG fails, and even the conservative valuations in favour of this deal were over 5c per share.