This message is to canvas all of you to see whether you would support what I am about to say......
Put simply, the current PGM board and management goals are not aligned to the goals of us, the shareholders.
They have lost nearly 50% of our shareholder value in just 4 months! As the path of least resistance is down I would be confident to say that in another 4 months we will have a share price under 5c.
Management's motivation, timeline and focus are not even close to where we need to be in the current commodity cycle. They do not have a customer, have no off-takes, joint ventures, or indeed anything whatsoever pending or even close.
I would like to put to ALL of you in this community, that we organise and hold an EGM, an Extraordinary General Meeting, where we table a motion to fire all of the current board and replace them with a suitable, capable and experienced team that will focus on shareholder value again. Can I also say that such a team is being formulated now!
We would require 40% shareholder voting approval, and I can be reasonable confident to say that many of the top 20 shareholders are already behind such a move; in other words we would now have the 40% needed to bring a change.
If we do nothing, we are lost!
Can you all put forward your thoughts on this please so that we can all see what the appetite is for what we as shareholders can do.
Sumak.
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2.7¢ |
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0.006(28.6%) |
Mkt cap ! $16.82M |
Open | High | Low | Value | Volume |
2.1¢ | 2.7¢ | 2.1¢ | $28.13K | 1.112M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 148726 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.024 |
1 | 140212 | 0.023 |
2 | 334721 | 0.021 |
7 | 1111613 | 0.020 |
1 | 173166 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 148726 | 4 |
0.028 | 403154 | 3 |
0.029 | 123900 | 2 |
0.030 | 325000 | 2 |
0.031 | 14685 | 1 |
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