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Originally posted by SRV
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https://thewest.com.au/business/mining/showdown-averted-as-guard-changes-at-birimian-ng-b88423405z Birimian chairman Winton Willessee and non-executive director Hugh Bresser have resigned from the lithium and gold explorer’s board averting a potentially bruising shareholder meeting, which was scheduled for today.
The shake-up follows Birimian terminating discussions over a $107.5 million offer for its Bougouni project from Shandong Mingrui Group, after the Chinese lithium company failed to meet a deadline to hand over a $10.7 million deposit on the transaction.
It is Mr Langford’s second tilt at winning influence on a lithium developer in seven months.
The group signed on more than 40 holders and filed a substantial shareholding notice before descending into acrimony and folding within a week.
The tilt at Birimian is also believed to have been organised by retail holders through stock chat forums.
In a public post aimed at shareholders yesterday, Mr Langford — who goes by the handle “Super Ninja” on social media — said he believed Birimian had “massive” potential, but needed a “clear and well-articulated strategy that addresses key project risks and provides the market with confidence that BGS will achieve production”.
He said his strategy as a director would be to find a partner for Bougouni with a “group that has proven successful operations and experience in Africa and direct lithium mining and processing experience”, then partner with a world class logistics provider for infrastructure.
The third pillar of the new board’s strategy would be to find “large internationally known battery and electric vehicle companies” to provide underlying long-term off-take contracts, he said.
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Lets hope we get some positive press and a more positive agenda from the new board
