Echoing others thoughts…for a start – this, IMO, is just unacceptable! My gut is telling me there is something that stinks big time. We are being sold a big load of crap by our so-called Board …who are supposed to operate in our best interests. I cannot believe they are happy to settle for .33c, which goes against all their own announcements. Even their advisers – Argonaut – had us at .48c a share this time last year – BEFORE the offtakes and financing.
Let’s not just vent our frustration on this forum and do nothing about it. We need to (& must) do something about this outrage.
The good thing is, we have time to try and open this thing up a bit. As I said previously, every shareholder is entitled to object and that is exactly what I think we should be doing. There is so many reasons against why this low ball and insulting offer should be rejected…..too many for this post – so I’ll do a separate list.
As I posted just yesterday, they are basing their offer solely on the recent share price (and VWAP) and that is because they have nothing else to support making such a low offer.
To have the Board and large shareholders recommend we accept this crap is an indictment on their integrity as far as I am concerned. Remember not one of the Board even had the professionalism to attend their own AGM.
I am happy to discuss this further on email if anyone is interested…[email protected]
We have options – we should not just let this go…..
That’s enough from me on here for now.
CXX Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
