Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just to add the video was posted to show the mechanics of drilling a well. Could of posted a ton of others, but this one explains it pretty well.
https://www.youtube.com/watch?v=Do9dz6ypD7w
The situation does have to be the same, only the will , desire and craft to make things happen.
The Directors has fiduciary duties, that is a great starting point. Also phone some Pro Bono solicitors
/ barristers for some free advice. They do exist.
https://www.lexisnexis.co.uk/legal/guidance/fiduciary-duties-of-directors
You need to form an action group, I can't remember the stock (I think it was Hurricane), but the shareholders manged to change what the board wanted to do for the good of all stakeholders.
Speak to Hurricane shareholders.
@PatShare
How will we know when they have finished offloading the 1.4 billion placing shares? Is that what is holding the SP back?
It depends who the shares were placed with, if they were placed with a large investor there would be RNS's on holdings, if it's many small investors, then there is no way of knowing. I think that and MM's, if it's a strike, they will be short of shares. People keep on guessing when the placing share sales will end they don't know.
And when do the 100 million 'Consideration Shares' come into play?
They have to be voted for at the next AGM in early June, they don't come into play until after the vote.