Firstly re: "I don't agree with your version of scope to appoint non-exuctive Board members or transition of the Chairman", it is not my "version" as I do agree more information should be made available as to the purpose of the additional $500K, particularly when our current cash position is so poor.
While I am equally guilty for not seeking more information I am suggesting that there is a real possibility that Lynas is preparing to transition to the very form of Corp Gov that you've been advocating yet you are actively promoting the negative without bothering to uncover the full facts.
As to your following attempt at justification, it's simply gibberish - nothing to do with the appointment of a Non Exec Chair or use of the $500K.
"In a notice to ASX on 30/11/2011 "During the course of the meeting, Nicholas Curtis AM, the Chief Executive of Lynas, announced that over the course of the 2011 AGM and the next 2 AGMs. all Board members, including Mr Curtis as Chairman, would stand for re-electionas Directors".
I emailed Andrew Arnold on this matter to be advised that it was a typographical error and it was meant to be 3 years. So yes I did consult on the position with the Chairman"
Handy Andy, your personal dislike of Nick Curtis is palpable and that's your call but when was the last time you actually posted something positive on Lynas the company? Ever?
BTW, if you like RE's & market Anns. why don't you trade into Moly? They are prolific at PR and Mark Smith would make a really juicy target for you. Have you ever bothered to have a look at a Moly Q call? The contrast with Lynas couldn't be more stark, broadly Moly say what they are going to do and Lynas reports what they've done.
LYC Price at posting:
70.2¢ Sentiment: LT Buy Disclosure: Held
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