The way I see it is that NMDC under 50% voting rights do not have a controlling interest and someone like SHeng with her votes can block any attempt to say make board changes
NMDC are just a cornerstone investor..and yes I agree regarding their operational bureaucracy etc...
but in the end all this mess falls back into the hands SHeng and the board ..there in no sympathy for none of them in my view..they must take full responsibility for giving away 50% of the Co with no concrete plans or strategies of any merit ,,,and then who is responsible for the disastrous capital management with the funds received from NMDC ?
Who is responsible for all the fictitious and deceiving announcements made through the ASX that investors made investment decisions on and that NONE have come to fruition?
Why is NMDC taking up shares in this RI ?..some of the common reasons have already been discussed
but really if they don't LCY might as well shut shop with NMDC risk losing millions and control of Bevan
LCY Price at posting:
1.1¢ Sentiment: None Disclosure: Held
