IMX's flagship Chilalo graphite project will fall under ownership of a new ASX-listed company.

IMX to spin-off graphite assets

Perth-based explorer IMX Resources has announced a restructuring of its Tanzanian assets, involving plans to spin-off its graphite portfolio into a new ASX-listed entity, while retaining its base and precious metals portfolio.


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My discontent as a Shareholder is that Management is drawing an enormous large Salary in comparison to the Market size of the Company & Valuation and now it seems we will be footing the creation of another Milk cow of a Company and I suppose the same Directors will be on board and also drawing a Salary? If I may compare the Post master General in the USA is head of over 300.000 Employees and draws only a Salary of US$400.000 that says a lot and IMX directors are nowhere near this level to empower themselves to such excessive Salaries plus Shares and option, I call that Greed and a load of Bull by overstating the Companies Resources and it's importance as IMX has no Income and a MOU is just what it is equal to 3 letters of the Alphabet. I only can say "Shame" of you as you are not worth such high Salaries until you can say that the Company is financially well on the way to real Earnings and producing a annual Profit. It appears you don't care and are taking your Shareholders for Suckers. All I can say is" Get Real" come down to earth and don't indulge in Greed, then you will find respect if this actually has any meaning to you. You also using Companies money I suppose to fight the mess you have at present in Litigation? you are not nice people and I will keep a close eye on IMX Action speaks louder than Words Good day

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