It has been approximately 1 year since MIN took over as becoming the largest shareholder of EGO. MIN did not seek board representation and remained silent.
This could mean that MIN gave the board plenty of time to implement their plans, but now the question asked would be 'are MIN happy with the performance of the board or not?'.
As we all know MIN paid .045 cents per share and now the share price is .015 cents.
Could MIN now be assessing the board's performance over the past 1 year and if so, has the board delivered their plans like they set out to do;
-resolve the RGN1 remedial works?,
-secure a Farm-in?,
-further drilling?,
we have no answers to these questions
I, agree, there would now be a lot of pressure on the board, AGM is 20 odd weeks away.
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Simon Kidston, Non--Executive Director
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