Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Because of COVID, I'd be amazed if they don't already have remote online meeting facilities, so it should cost them nothing and they wouldn't even have to provide tea and biscuits!
The meeting doesn't have to be anywhere else, they just need to set up a webinar via zoom or other platform so people that can't attend in person can still be involved.
This is really basic stuff. It barely costs anything and is very simple to set up. By not doing this, it screams to me that they are hiding.
The board of RKH are not doing themselves any good by proving to be intransigent as well as, dare I say it, incompetent. They should have arranged any meeting in the midlands to allow a many share holders as possible to attend? Cheers, Dick
While it may not be possible to force RKH to provide an electronic link to the meeting/presentation, in view of the pretty dire situation and that most, if not all shareholders probably want more-or-less the same outcome as the Board, you'd think they'd provide an electronic link (e.g. Zoom, or MS Teams) without having to be asked.
If I were in their position, I'd want to reassure and hear from as many shareholders as possible, especially those who really want the company to survive and succeed.
If it proves too much for them to offer, then that will tell us a great deal.
Glen
The meeting on Thursday is a retail investor face to face presentation, not a General Meeting as described in CA 2006. There is no legal push to make it electronic IMO. Nothing to stop Execs talking to folk if they want to. A cowshed in Wiltshire would not be my choice, but it seem to be theirs.
Mayb an attendee could zoom it out from the audience? Not ideal though and two way comms impossible.
I think the main points we need to understand is regarding what and how HBR will remove themselves from this Falklands Project?
1. Are they selling their interests on, writing off..... or?????
2. Do RKH get first refusal
3. What are the financial implications to RKH if sold back or if sold on.
4. Did Moody protect RKH from this eventuality contractualy (read that as a rhetorical).
5. Is RKH bound to the original (Pre Navitas) PMO contract, is the "new buyer" bound to this, if not what are the financial consequences to RKH.
6. Consider Moodys /RKH board on oil and project contracts to date it all going to be rather complicated if HBR are not handing it ALL back Gratis.
7. Moody can say he is talking with Navitas but until we know HBR exits stratagy what can he offer them.
NOTHING.
8. HBR COULD be looking for a buyer for years. Is there any contractual triggers protecting the project from this (read that as a rhetorical as well!)
All IMO and up for thought
Rgds Sft
Agreed, time these useless, greedy clowns were brought to account, they've milked this 'cash cow' for years while I've lost over 95% of my investment - wish I could be there to see them in the flesh
I'd love to be there and put him under pressure. Only been to one AGM and his attitude was obnoxious, smug and he displayed indifference to the ordinary shareholders. Unfortunately i can't afford to spend two days travelling down and paying for a hotel in Salisbury....as long as we have some sensible, but vocal pressure put on him by intelligent shareholders demanding he outlines a CLEAR route of how he intends to get us something out of this mess - that will do me. Hate him with a passion.
One very basic question i'd ask:
"why have you never invested any substantial amount in RKH from your own pocket if you truly thought SL was going to be developed?".
Get a Court injunction to stop the meeting going ahead. There is technology in place for meetings.
It is unnecessary to hold a meeting when the majority of disgruntled shareholders who want to attend, but can't because of the location and short notice given for the meeting. Especially in COVID times, they know many won't attend.
I emailed them this morning, went through no problems. Regards.
Having the meeting in Salisbury, during the day on a Thursday is an obvious tactic to prevent as many private shareholders being able to attend as possible.
Your private investors have to WORK RKH board..... Unlike you with nothing to do we can't spend huge amounts of time travelling to make this meeting in a quiet town in the south west.
Why is this meeting even taking place in only a specific physical location anyway? every other company in the world has adapted, why can't this be a webinar, zoom meeting or otherwise? Shareholder input shouldn't be restricted in this way - they can't even excuse this as an unreasonable cost to facilitate considering the ludicrous salary's they are on.
Limiting this to people that can go to Salisbury is ridiculous in this day and age. FIX IT RKH
I would like to go and throw rotten vegetables at them ! A big stinking cabbage right at Moody's head would be great.
Be good to see the board up close & personal and ask those all important questions.
Salisbury is a long way for me from Manchester so might just tune in to the recording...be good to know who can go though.