If they are to stay listed on the ASX they need to appoint another Australian Director, this is a distraction get rid of all Australians and delist from ASX, there is no point on us being on ASX anymore.
Looking back at the appointment of Ian Macliver and David Riekie, Rory's welcoming comment was cool to say the least, at the time I assumed that RSR had brought them in but I wonder now if they were forced on him by the old guard. Now he is getting stronger and proving himself to the market one has gone, watch for the other to depart shortly too and what's the betting that the replacements will be UK based?
I generally approve of the RIG modus operandi so any thoughts should bear that in mind. I personally think they'd be better served by, sending a more concise letter, removing things (which I consider silly/pointless and) extremely unlikely to get a meaningful response. Ie:
- Atzam 5 well update (14 July) We welcome the resumption of referencing to Citation’s news releases, and hope that Citation will finally complete testing in the near future. - With the number of options in issue at a price at or below 2p, is there a strategy for managing the impact that the exercise of these could have on the share price? - We welcome this report concentrating on the activities of the period in question and not having the distraction of including reports of activities after the quarter’s end. - We trust however that a separate update of current progress in Trinidad in particular will be issued without undue delay. - IOP bit was valid but a bit laboured and could have been easily said in a few points tops. - During July the share price appreciated swiftly without commensurate supporting news flow to the high 2p range amid apparently unsubstantiated rumours of a sale of the Georgia assets, yet the company was silent. The share price then halved in two weeks before and shortly after the IOP announcement above. Please confirm why there was no comment from Range in either instance to advise and reassure investors and why the company and Buchanan have not stabilised news flow and PR to help stem this boom/bust cycle that damages the credibility of the company?
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