Maybe they are already feeling some external pressure about not being independent, nolly.
I'd have thought our 3 directors/management would have wanted to be seen to be acting independently and without bias. How can that be though when, in the corporate governance acceptance statement (sept 30 2015), they declare themselves that they are not independent.
All 3 on the Board (IG AG and BT) are, or have been, associated with Gandel Metals (from website). ORS's chairman (Gandel Metals) is also an "independent" non executive director of AGS, and AGS has 22 million votes that will affect the the vote on the Gandel Metals Offer.
The ann says ORS has engaged PPB Advisory to complete an "Independent Expert Report". Sadly, the ORS Board engaging and paying PPB is not itself independent
ORS Price at posting:
1.6¢ Sentiment: None Disclosure: Held