Management Ownership: The irony It sounds like a case of a pot calling the kettle black, doesn’t it?
ARC believes the Sierra Board is no longer acting in the best interests of all shareholders
Since ARC representatives left the Board in mid-2021, Sierra’s share price has been in a freefall, declining a staggering 91%.1 The current Board members, with combined share ownership of less than 1%, are not incentivized, and have not demonstrated the necessary operational mining or financial markets acumen to turn Sierra around.
https://www.globenewswire.com/en/news-release/2023/05/02/2658728/0/en/Arias-Resource-Capital-Proposes-Five-Nominees-for-Sierra-Metals-Board.html