This is a joke, the board is a joke and now has indicated they have no interest in running the company.
The boards acceptance of this pathetic bid shows they have no ideas of fixing the company.
My understanding is that as it is a scheme of arrangement, shareholders will not get a vote on the deal much the same as the shafting of Oxiana holders.
We have to act now to stop this takeover from taking place. We need to remove the board.
I suggest you all formally send in a letter to Oz Minerals attention it to Francesca Lee
Freshwater Place
Level 29
2 Southbank Boulevard, Southbank.
MELBOURNE VIC 3006
Telephone: (61 3) 9288 0333
Facsimile: (61 3) 9288 0406
List all shareholdings in individual names as well as any company names.
Asking for an EGM to be called with the intention of
- Removing Barry Cuscak,
- Removing Ronald (Ronnie) Beevor,
- Removing Andrew Michelmore
- Removing Michael Eager
- Removing Brian Jamieson
- Removing Anthony Larkin
- Removing Dean Pritchard
- Removing Peter Mansell
We must make sure the board is replaced with people that will fight for the company.
We need to stop any payments being made to the directors for service etc. We need to put that in the resolution too I think.
We will need to find suitable candidates to replace them.
I have sent it to those that supported the EGM action, this needs to be actioned quickly before the company is stolen and given away by the same incompetent lot that caused the problems in the first place
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- shareholders need to unite and call egm
shareholders need to unite and call egm
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