Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Be at least 10 days well that's what I'm told and will be all good and rose ... well as good as it can be lol
So when can we expect next news on this debacle.
Who are they mate? Interested to hear... don't be shy
We are where we are because of some big headed s...holders who thought they knew it all. Let the BOD do their job. Go against and you get shafted. It's unfortunate but its better than nothing/ de-listing. GLA
130 mill is more than 3% and should have been disclosed. If you want to call an egm I suggest you speak to the company and ask for direction. At the same time speak to Mitchell Tarr who organised the last EGM. Someone must know his contact details. JMK is always helpful if you have questions.
No one believes me but I have 130 mil shares.......someone put me in the right direction to call a EGM......I won't throw them away without a fight
Latino You are welcome to believe whatever you consider to be correct. For example if you really think shareholders have been looked after properly by the directors then fine. It is your opinion and no one will say that you are not allowed an opinion. I email JMK and he is not required to be so confidential on matters that do not relate to his tenure as a director. He is happy to chat with shareholders.
I notice it took the directors a week to publish the last TR1. The TR1 from JMK also took days for them to RNS. Surely these should have been promptly reported to maintain a fair market?
Knee - where you hearing all this board level talk from?? Sorry but can't go on someone say so on this board on such sensitive matter. I'd rather believe the BoD / RNS than such this information - very anti-bod. Agree, everyone trust has been damaged here, but let's keep it real!
It depends if the shareholders can be bothered to fight or just roll over and die like PH and the directors expect them to do. Angry shareholders should write to Aussie Registrar of Companies/ASX to complain of poor governance and try to get the directors banned from being directors. A letter to FCA to complain on PH may not achieve much but it may upset PH. Where is TW when he is really needed???
For example the new tr1 guy has shares worth around 5 grand at 0.005. Not that much more to lose. The Directors have a lot more to lose with a delisted company and one that goes into administration..
Shareholders are wiped out in this proposed deal. Better to sod the directors and PH rather than allow them to rape the shareholders with impunity.
I would expect the current shareholders would support an EGM and risk delisting. Instead of settling for this deal.
5% of issued shareholders are needed to call an EGM. With the new declared 3.99% shareholder it should be easy to get to 5%. The EGM needs to address the various things that shareholders want changed such as less dilution, more transparency, change directors , etc. The EGM needs to be called very soon to put pressure on PH to renegotiate the terms of their dreadful deal, and pressure on the directors to stop supporting PH and support the shareholders.
Ideally yes a GM to boot them off but no time left to do it before it delists.
Peer the point is the board are not half decent not even close, holders here should be considering calling an egm and voting them off the bod.
I am informed that JMK made an offer to fund £100k , not the £550k that PH have agreed to, at a much higher price than PH. The board told JMK that they needed £75k to cover costs and £100k to be comfortable ahead of the RTO.JMK also introduced the board to the nomad referred to in the RNS as the Board could not obtain a nomad. A ready to go RTO with 75% funding in place was also offer to NYO. This would have been much less dilutive to shareholders. PH are obviously looking after the current board to allow shareholders to be so abused.
I believe that I have just learnt a lesson. An expensive one. It is about having a BOD with no skin in the game. We shareholders gave the bird at EGM. In return we have been put over the barrel and one shoved up where the sun don't shine. We were to be screwed over before. Now we are screwed ten times double. I am curious to how the cards fall now. PH will have to have a doozy of a RTO now.
Hello EyeGuy, Doesn't sit comfortably with me as I have a conscience. Not right that these guys have lost 99.5%. Hoping that it can turn around for them.
Nyo was meant to be the shell for big dish to reverse into. But delays and I think possibly duel listing issues made this a no goer
So basically all existing shares are now worthless, and you'll never recoup your investment. Doesn't seem legal.
If the board were half decent they would reduce the funding to say 150k as this would be sufficient for say 6 months funding until rto done. They would at the same time do an open offer to share holders at 0.005 on say a 1 for 1 share basis.
Sorry not followed what has gone on here but it looks bad. I'm not sure what Big Dish has to do with this share - can anyone explain. Much appreciated
They call a EGM we vote no deal...where screwed. We vote deal...where screwed....I can hear the fat lady clearing her throat :-(
Can shareholders call an EGM before the Board gift the company to PH? That may give shareholders some say in the matter rather than being ignored. PH will not offer new shares to existing shareholders as they hate them.