Thanks Dave for the very measured succinct assessment of the situation. I guess the BOD in not releasing the audited financials are playing the Chinese game and kickin the can down the road. Without the financials not possible for shareholders to assess the situation with regard to BOD renumeration and the possible 2nd strike . Tamoz the AGM and on the 2nd Mr Biden to visit so a lot of positives could happen before the Chinese can call an EGM re 2nd strikeNot 100% sure but here’s my thoughts. We currently have the maximum number of BOD members. We know the Chinese have wanted a spot on the BOD since Yibin first tried to get enough shares to do this but they were blocked by FIRB.
Yibin now hiding their shares under HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-GSCO ECA.
I suspect that the other HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED group on the share register also holds shares for other Chinese companies. Then you’ve got Huayou and Lithium Plus holding another 6.14% and 5.21% of shares respectively and possibly enough combined to call an EGM sometime after the AGM and nominate for a position on the BOD if one becomes vacant.
Possibly they learnt from last year that their plans to roll our BOD weren’t as easy as they’d hoped and may be trying a different strategy.
What ever they are up to we know the Chinese actors involved have sought to undermine our BOD and take over our project through any means possible and no doubt nothing has changed. In fact Zijin once again ramped up their attempts to pull the wool over Manono locals today.
As far as the AGM, the company made several mentions regarding the Auditors Report and this will have a great deal of significance as I imagine it will contain details regarding expenses paid to DLA Piper and the arbitration cases as well as details of the Locke funding.
I suspect this is what corrupt actors working against us will try to use if there’s another attempt to roll our BOD.
Don’t be surprised if Locke has struck a tough deal, after all they are the ones supplying the litigation funding and the bad actors involved have done everything they can to scare them off and screw us.
I wouldn’t be surprised if Zijin’s lawyers (Fasken) have submitted thousands of pages of submissions to arbitration to drain our funds.
Remember we have been fighting a dozen or more bad actors since this started including those actors backed by major Chinese companies.
That’s about all I can think of ahead of the AGM, just wish I was going