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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2.0¢ |
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Mkt cap ! $12.46M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $1.228K | 61.40K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 200000 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.0¢ | 455595 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.019 |
2 | 356058 | 0.018 |
2 | 176465 | 0.017 |
2 | 750000 | 0.016 |
1 | 1000000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 455595 | 1 |
0.021 | 1000000 | 1 |
0.023 | 449412 | 4 |
0.025 | 200000 | 1 |
0.026 | 200000 | 1 |
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