"The company still has a legal obligation to act in the best...

"The company still has a legal obligation to act in the best interests of their shareholders"

In theory, yes. But look at how many executives were removed in the last 12 months? Why?

My guess is those executives know that is NOT in the best interest of minor holders... were they pushed or quite their job?

It is easy to sell over-inflated assets. Some projects located in China, all you have to do is bribe "independent" valuer to write in bookvalue worth $70m. For example, a project 10mt of Cu @ 0.8% write as $70m book value... sounds believable enough. But 0.8% Cu grade may be too low to mine it until POC recovers to $4+. But you can get 0.8% Cu project in Australia for $5-10m.

Just IMHO.