Ackers Rescue Package26 Jul 2024 22:51
A] Sorry George, time to announce that as of 31/12/2024 you will be resigning from your position as CEO and you will not be seeking re-election at the AGM. During the interim period, Prem will actively advertise for a CEO who has a mining background, who can push for increased output, can overseas increase efficiency, and maintain a standard of SC6 or above.
B] Exploitation of other Zulu assets.
I agree that there is a case for quartz and tantalum developments. Prem should actively promote the offers of "JV"
C] Canmax
Put the original agreement through the shredder and open fresh talks.
Agree to put the repayment of the advance back 4 years
Canmax to forego any discount for 3 years
Canmax is not to issue "notice" for 3 years.
Generous discounts offered after 3 years.
Canmax to agree to further investment into Zulu,will take all spodumene production and will take a % of quartz and other sales.
Li3
Sell for best price
RHA/MNH
Get financial backing to get these into commercial production.
Think carefully before taking legal action against Stark.
Strengthen the Board of Directors
Stop telling lies to shareholders.
Acker