Post by
MetalMinded on Jan 12, 2025 8:37am
Simple opinion
I get the feeling that many on this board do NOT support an extension of rights for RIO or Mitsubishi. If you are in that camp, I suggest the following. Also, if you know shareholders who don't participate in the board but feel the same way, have them do the same.
Email Sandeep and tell him three things in that email: 1) How many shares you own, 2) how long you've been a shareholder, and 3) that you are opposed to ANY extension of rights for RIO or Mitsubishi when the existing rights expire. Sandeep and the entire management team need to understand how many shares in total are against it. I am sure that RIO and Mitsubishi are already in their ear about an extension so they can kick the can down the non-existent road for another couple of years.
Comment by
MetalMinded on Jan 13, 2025 10:00am
I don't disagree but why does emailing Sandeep and stating a position not help?
Comment by
Sooner on Jan 12, 2025 1:07pm
Well...who is holding the cards at the negotiating table? It's time to start seeing some of those many NDAs come out and have something meaningful in order for WRN to have any leverage. only other option is to extend agreement and continue thru permitting..
Comment by
MetalMinded on Jan 13, 2025 10:01am
Or continue through permitting without an extension. Why don't you feel that works?
Comment by
Sooner on Jan 13, 2025 4:29pm
Exactly which part(s) of Rio and MMC investor rights agreement do you feel is holding back our share price? Just curious how if we drop those...why that would have a positive effect on share price? I mean what will change ?
Comment by
MetalMinded on Jan 13, 2025 5:54pm
Simple, it gives them large quantities of shares at the current market price without affecting market price upward with market purchases.
Comment by
Sooner on Jan 13, 2025 7:08pm
Yes. They get to maintain current % ownership every time we dilute for sure. At same time, who is going to buy all their shares if they decided to part ways??