Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Wakefield may well have wanted him out. We don't know. Explains no inf forthcoming , sombre mood at AGM , no D.A.
Can anybody explain is it as simple as board arranging a meeting and a vote of no confidence , how would this have physically happened , not the politics.
And who would have interviwed David Allmond.
The Company wanting to take them over?
If you join dots... suppressed sp, positive/negative rns's / very litte main stream pr / new guy being very quiet at present ?
makes me think it is a HUGE player, pulling strings of that magnitude and why GM perhaps had no choice...
Only issue at present to them, is the huge proportion of sticky fingered PI's that wont let go, unless they see a profit and most certainly not at a loss... !!!
so aim to buy Co on cheap, by keeping sp down?
well it seemed logical to me LOL
Thanks Gazman! GMs age suggested to me that his retirement was premature. 54 is young for a CEO retirement, regardless of the LTIP.
This does indeed reinforce that.
I agree Mullis was pushed gasman .
If you watched the AGM you could see Wakefield wasn’t enjoying himself one bit . No one was , no fan fare for the new guy , no enthusiasm at all . It was all done under duress in my opinion .
I think mullis gave his all to microgen , Novacyt and simply didn’t fit in to the new direction for the company .
His performance has been lacklustre so far this year .
Typical signs of someone who is not happy with things .
The question is if Wakefield didn’t want mullis out , who did ?
Who is pulling the strings ?
Lets home he helps us by writing all the RNS for all of our competition in this sector ! That might raise the SP !
https://www.linkedin.com/in/graham-mullis/
Looks like GM is not retiring with his feet up (looking to help companies).
Adds to the hypothesis that he was pushed, not walked. If this was all some kind of masterplan then I sure hope we start seeing the fruits of it soon.
Thanks B2! Antonio Argenio is another interesting find. Recently worked for LGC who we know have been chosen for their Ultra high throughput testing equipment at the Leamington Spa lab.
Hi Brent, you are correct and I think that is an important distinction. Particularly because Raimomdo is the most recent (and only) member of the executive management team to buy some shares.
KT, yes Nick Plumber has been struck off on the companies house register. Last Friday actually, 3 days before GM. I think they said in the AGM that Dyer finished up end of September.
Agreed EXMEX. Trying to think outside the box on where to search for good info.
I have found the Philladelphia company who is (or was) distributing products in USA, but not posted info, because I would not want to give a competitor the opportunity to cause trouble within.
B2HSL, surprising what you can find on LinkedIn when researching Novacyt. One link took me to this Swiss investment company.
https://www.decisive.com/how-we-think/post/2021-and-beyond-radical-investment-catalysts-for-a-post-pandemic-portfolio
Chris, - One of those officers is Antonio Argenio - Sales Director - B2B Private Healthcare
He has been liking some good opportunities on LinkedIn.
Has Nick Plummer left the company?
Hi Christoffer, Ajan Reginald and Guillermo Raimondo are not board members. They are management.
Hi B2, I just meant the new board members appointed this year; Ajan Reginald, Guillermo Raimondo, James Mccarthy et al.
I like to think this is a concerted effort at strengthening the leadership thats being carried out in accordance with a plan.
The issue of a Nasdaq listing was previously dismissed - and for good reason. The company already has a dual listing structure with shares trading in the UK and France. About 2/3rds of the shares are traded in France. To list on Nasdaq as well that would mean an extremely complicated share structure which would be expensive to administer. I don't even know of any triple listed companies. You could delist from the UK or France and relist on Nasdaq but would French holders be happy with that? The French seem to look after their national interest unlike the UK.
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Chris what other appointments can they be short of presently, - or are you referring to some officers being replaced?
Like this post if you don't think we will be interested in NASDAQ from now on.
Despite GM saying no NASDAQ listing being sought, I believe we are into a new period, and they may change their tune.
Like this post if you think this is the situation, - Like the next one if you don't think we will be interested in NASDAQ from now on. If you think our needs can be met by buying a US company or merging with one or agreeing joint programs, please let us know.
Thanks B2, saved me a job on my list there :)
As for DA being lonely, he'll have the other 4/5 2021 appointments to keep him company. I look forward to finding out what their game is!
It seemed odd to me too as did the departure of Nick Plummer on 15 Oct.
Nick was appointed 1 April so first. It wouldn't make sense to appoint him as an officer of the company last April, 4 months after the DHSC had stopped payments, if his role was intended only to be this duration. It would be interesting to know what changed. Was it a precautionary appointment with a resolution to be announced soon or has he left in frustration at a stalemate. Lets hope of an RNS on Monday not continuing vacuum.
In either case this situation shows value in having legal support.
Fanfare. That's a really good point.
We need to give DA a chance, he will also want to make a good entrance at the right time and get off to a great start.
RNS today or Monday - any thoughts?
Thanks ChriToffer, - more food for thought.
In the video: https://www.youtube.com/watch?v=n0KhQd_z1KY
@ 1:50:25 - he states whilst discussing DA, (inspecting his notes)
"David's background - he says he has a degree in Microbiology".
To be fair James says "I am very happy to be appointing him to take over from Graham" later.
++++
Just prior to this statement he stated that Amryt have recently listed on Nasdaq, so if they wanted a business manager familiar with the pro's and con's and contacts of actually listing, there is no one better placed than David.
GM may have stated earlier they have no plans for Nasdaq listing, but that doesn't mean that the next board meeting agenda does not contain Nasdaq listing - how to - with DA's initials beside that item. (my speculation)
Yesterday I provided some research containing links concerning business opportunity and threats to David Allmond.
I'm sure he will delegate review of research to others, if you are inclined to provide more research.
From what I can see on that video, I think he could be in a lonely place right now.
Maybe DA had requested no big fanfare and didn't want to Trump Grahams departure.