We NEED a new Chairman., page-67

Can we just concentrate on the stock and try and keep the personal agenda's to a minimum.
Directed at holders and non-holders.

Re: Chairman. They said the appointment was expected to announced in the September quarter. So they're behind schedule there. That's the reality How long behind - who knows.

-If it's announced in the next couple weeks then fair call - it probably doesn't warrant an explicit update regarding the reasons why.
-If there's some legitimate reason that it might be longer than a few weeks, (be it deciding on appointment date, post finance, post project acquisition) then IMO it either announce exactly that - or announce this is the guy/girl and their start date is TBD.

I agree with @8horse that the appointment is double edged sword. The person is much more important than the timing IMO.
I also agree with @Kikker1959 that missing the deadline isn't great.

In my opinion is doesn't really matter if the appointment is done next year. (we've went 18months or so already). But state a deadline and hit it. If they're waiting on external parties - just state that. Reflects much better that the deadlines are being extended due to external factors rather than people assuming it's from their own incompetence

It's my personal opinion, that they have selected a candidate but the agreement of the chairman is likely sat on the premise of the offtake/finance being secured. As in - the person coming in wants that part over the line before putting their name to company. The fact they stated this chairman was to be appointed in September quarter (but now appears delayed), so what else has recently been announced and delayed. I refer to the additional acquisition of project along with the further 5-10% pending a MD appointment from cominiere.

To me this reads that they expected to have that wrapped up in the sept quarter with would have led to said chairman appointment. Given this has not occured yet - it would suggest it is very very close.

IMO - The offtake/finance is pending the additional project acquisition - which is also the caveat (IMO) for the chairman appointment (hence the supposed delay in start date).

News to watch is MD appointment at cominiere -> extra acquisition % obtained -> project finance/offtake -> chairman appointed. IMO i think these news events are all intrinsically linked and will occur this side of christmas.

SF2TH