All this is good news, but dissident shareholders are claiming that the company is run badly and that there have been discrepancies between sapphires mined and those cut and sold. On these grounds they want to install a whole new Board at the AGM on 30 April, which effectively amounts to a backdoor bid for the company. Doubtless the Vancouver Stock Exchange will be keeping an eye on this aspect. By that time, provided the present Board wins the vote, the story will be old hat. Laos is a strange country.
Life is cheap, bribes are plentiful, and habeas corpus is a latin joke.
Whispered stories from both sides indicate that the run-up to the meeting has the air of a Bond movie about it. Bre-X. The chairman will certainly be there having already turned down an offer from the dissidents to join the proposed new Board. Now Lord Renell, he was better known in his rugby days when playing half back for Scotland as J.A.Tremayne Rodd. His robust response was certainly intended to kick the pretenders to the Asia Sapphire throne into touch. On 30 April we will know if he has succeeded.