The Board

  1. 1 Posts.
    The quarterly contains fascinating information BUT I am severely disappointed:

    - a possible Binjour partner. I think It would have been much better for the share-price if there has been an MOU and a separate announcement

    - a trial of TasTech at Fingal Rail and ore blending demonstrations. I think it would have been better for the share-price if there had been separate
    announcements (also ? the patent status)

    -Assessment of a new bauxite refining technology. I think that deserved a major separate announcement and a statement about the patent situation i.e. application for, granting of etc. This would have been good for the share price

    All these are/were important for the share-price and important communications with the shareholders and the market, not items to be inconspicuous in a quarterly. Thus it is my opinion the BOD has not performed regards communication with shareholders and in its related role of supporting the share-price. The share-price could and should be better.

    The AGM notice contains a resolution( 4) requesting permission to sell 25 million new shares at what is likely to be, given the current share-price, bargain basement prices. I presume, many (? most) long term shareholders are excluded from the sale as not s708. By raising money in this fashion the BOD is avoiding a detailed explanation of the rationale for this money. I think this is disrespecting existing holders,

    The BOD needs to change: I will be voting against each of the resolutions at the AGM to sent a message.

    I'd like all holders to think about it
 
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Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $10.07M
Open High Low Value Volume
3.8¢ 4.0¢ 3.8¢ $26.67K 688.5K

Buyers (Bids)

No. Vol. Price($)
4 297683 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 200000 1
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