CTL 0.00% 0.0¢ cleantech lithium plc

FYI Centennial Mining are hiring, page-7

  1. 445 Posts.
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    All good discussion lately, helping to inform us. My understanding of CRs is the company have to have an independent report. I would suggest they would have difficulty finding anyone truly independent, prepared to suggest this is in the best interests of shareholders. So like the repayment of the Con. Notes in June, we have delays while shareholders are left in the dark. It's over 6 months since shares were trading on market. Roughly the same length of time since we had a compliant Board structure, and a lot longer since the future company promise was outlined in the presentation. We don't know if we are mining successfully or not, and haven't known for far too long. So the company is being run as a one man or two man band which is totally unacceptable. Somehow we need to make the Board accountable to shareholders, the MD/CEO accountable to a Board with some independence removed from the MD/CEO, and a separate Chief Financial Officer responsible to the Board so that there is a counterbalance to the spending of the MD/CEO. This Board finding an 'independent director' (supposedly), being voted into place given the current goings on, and voting power of interested parties especially in the new notes/loans, is destined not to serve all shareholders best interests which is what is badly needed here. Regardless of successful recent mining activity or otherwise, it is apparent to me that governance, and company senior management structure, is the root cause of all difficulty. The AGM should be about addressing accountability (Board, large remunerations at senior level, financial planning, senior officer responsibilities) and Company Governance.
 
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