GREY:MGXMF - Post by User
Comment by
allenjameson Nov 03, 2020 1:17pm
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Post# 31830439
RE:ALLEN - hopefully i got the right poster -
RE:ALLEN - hopefully i got the right poster -Wango: Good point. MGX M has 2 very large sources of Magnesium hard rock and brine. A magnesium plant in BC can be first supplyed by hard rock but after 20 years brine supplies can take over and a limitless supply of magnesium can be found to keep the plant going.
Why has the company not followed up on this dual resource. We have a divided board and dissident investors also causing problems. The company thus can not go forward. The new Gold project was bought on board to give JL more support from the Vancouver miining community. The judge in blocking the voting by new share holders ( buyers of shares in the past 6 month cannot vote) has created a unfair situation. These shareholders will eventually get their votes but maybe not in this next AGM. The judge has made a mistake which is very short sighted.
No judge can order any person or company to perform a illegal act. The covid19 situation is important. The dissident investors want to be present at the AGM and well they should be. Other investors who are very involved in this company will want to be their. The company will need security as many people are near the boiling point. How many people will attend the AGM? My estimate is well beyond 50 which makes a Disputed AGM imposible at this time. I do not have a answer for this problem and I do not think the judge does either.
GOOD LUCK TO ALL INVESTORS.