Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not sure how to vote but if the vote does not get passed I think the BOD are bound by the last vote and should start returning cash to existing share holders. But I may be wrong they could still take money out for themselves it would be interesting to know what the 10% man from the channel islands is going to do, after all he was the one that instigated the Last Vote.
With 25.3% holding it looks like Goodweather holdings are closing in on the 30% when they must make a bid.
I agree this BOD will try and string thing out as long as they can and take money out as salary until all the money has gone . I have voted FOR the resolution every little helps and may get it passed. I agree it has been criminal what this BOD have got away with over the years.
Someone is going to pick up some very cheap patents and run with them at the expence of all us LTSH
Hi Panch, In the RNS posted on the 21 Dec The BOD Said they intended to finalize a review on a range of options available to it by which it is able to deliver value to shareholders which MAY include the distribution of available cash. My opinion is that this was included to try and help get a Yes vote. The true statement from the BOD should have been the they never intend to give any money back to shareholders and any cash will be held to fund the Salaries of the BOD until runs out, but this would not be a vote winner at the shareholders meeting. I may be wrong but we must see what the BOD say about the Review if it ever mentioned again.