GREY:OLEPF - Post by User
Comment by
tony1969on Jun 07, 2013 11:24am
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Post# 21497711
RE: Interesting side note... Here it is...
RE: Interesting side note... Here it is... Mineral Deposits Ltd (MDM.TO) said it's pushing for a board-room shake up at Teranga Gold (TGZ.TO) after seeing the value of its 16.3% shareholding in the company slump by 80%.
"Our goal is simple: to stop the rapid erosion in shareholder value
by strengthening management accountability with board oversight that is truly independent," Australia-based miner MDL said in a statement.
The company is seeking to replace three non-executive directors
-- Christopher Lattanzi, Alan Thomas and Frank Wheatley -- with its own nominees.
Teranga closed at $0.78, close to the bottom of its 52-week range of $0.69 - $2.49.