If you believe the problem is not the Notes then ask yourself...

If you believe the problem is not the Notes then ask yourself this: what does the market hate above all else? Answer - uncertainty. The market cap for the Company can not be reliably calculated when we have threats of massive dilution hanging us, just how do you value all those non-shares & the Capital Raising? If the share price malaise is down to Ni price & market sentiment, why was the price not rampant when conditions were improved?

The stock is in the toilet primarily because of the Convertible Notes (very strong evidence for this), & because management & the Board are clueless as to corporate strategy. We must concentrate on removing the threat of dilution.

I concur with drunken sailor that it is now time to act again. The first campaign was indeed a success in that we got half of the Notes removed at a stroke - however half still remain along with the implicit threat of a Capital Raising, presumably for the same amount of shares as the remaining Notes to keep Jinchuan at their current percentage. Our first campaign was very well received by a number of Aussie brokers.

A number of options for the Notes may be under consideration, these being:
1) FULL repayment or conversion to a standard loan of ALL the remaining Notes
2) conversion to shares & Capital Raising
3) selling on of the Notes to a 3rd party
Obviously 1) is the only option that is viable, they MUST be made to see this: if Jinchuan agree to the Notes being repaid then the share price can rise to fair value, once at fair value there exists far more scope for expansion to mid-cap status via acquisitions - we all win!

We need to heap the pressure on Jian Hua Sang, as the CEO he is supposedly running the Company & is the man in the Albidon offices every day. We need to enquire of Jian Hua exactly what HE is personally doing to grow the share price. So email to Jian Hua as well as Sanlin, with CC to David so he is kept fully in the loop & CC to the other Board members too. Tell Sanlin you see a clear conflict of interest with himself as Chair of Albidon whilst also being Vice President of the majority shareholder (who happen to be the only customer & also hold the debt!), & that there is zero evidence of any independence of our Board. Stick a Read Receipt on your email, some Board members have them blocked but others do not.

Two main points to stress:
1) the Convertible Notes are the overwhelming impediment to the share price rising to fair value
2) the Board & management are under obligation to work in the best interests of the corporation & the shareholders, & are accountable to the shareholders: also the Board must be independent - clearly they are not

There exists a document published by ASX called:
'Corporate Governance Principles and Recommendations with 2010 Amendments'
- it can be found here in pdf form:
http://www.asx.com.au/documents/about/cg_principles_recommendations_with_2010_amendments.pdf
Have a look at the Principles, of particular note are numbers 2 & 6 but also 1 & 8 - see pages 10 thru 12 of 49 (also numbered 12 thru 14 of 52 in pdf Reader). It would be very useful to mention these in your email.

You might also make vague (unless you know more about them!) reference to the ASX Listing Rules which have the force of the Aussie Corporations Act. It is clear OUR board are not acting as they should be - we can bring a lot of pressure to bear on them.

As drunken sailor says, a number of other avenues can be pursued & this is just the first. We have so much value locked up in this stock that it behoves each & every one of us to work to release it! Tell the Board & management how disenfranchised you feel with their eternal dithering & lack of ability to formulate a simple coherent corporate strategy, how angry you are that the share price continues at these levels - what are THEY doing to earn their paychecks & options?

Weight of numbers will make them heed us. Do not appease the Board by meek compliance with their continued non-actions, stand up for your holding & fight for fair value.

REPAY FROM CASH, OR CONVERT TO A STANDARD LOAN, ALL THE REMAINING CONVERTIBLE NOTES.
OUR Board must show independence & that they work in the best interests of the corporation & of the shareholders.