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Roxi, bear in mind the vote on re-election is advisory and, in theory, can be ignored by the Board. So if SC only gets 60% of the vote, he can legitimately argue he has the support of the majority. In practice it's a different matter, as Mather found out to his cost. If it's only BHP and a few disgruntled retail investors who vote against, the vote will be disregarded.
The one thing I don't understand is why Newmont would vote against. Why would they want more chaos at a critical time for the company? It doesn't make any sense.
Shipright. I think if the past is relevant. The new board will be whoever mather wants.
To say ned will pick the new board is ludicrous.
Just as an aside. Western Australia have just announced a budget surpiuss of 3.7 billion.
Yes billion.
Not australia. Just Western Australia.
How lucky are we. Fmg up to $25.
Living the dream
Ship, the current non-exec directors, probably on the advice of major shareholders.
It wouldn't make sense to continue without the "Main Directors", running the show, an EGM would have to be arranged , imo with new Candidates being put forward from shareholding groups with largest holdings,
Maybe the Chinese investors would put forward a Candidate?? now that would be interesting ?
So not too disimilar to how it is now?
So who would choose the new board?
Roxi, no there would not be an EGM to approve a new board. Putting it bluntly, we'll get what we're given, and we may not like it.
Quite right, Jerry. People have short memories.
I just got an email from ii reminding me to vote by the 15th.
Have a great day all.
Colonel, you say that Scott picked up a business that was in fine shape.
I would say that the business was in a mess, not fine shape. A disorderly board, unclear strategy, burning through cash on irrelevant salaries and activities not normally associated with companies in the mining/exploring industry. Major shareholders at loggerheads with the board. Senior directors leaving the company.
Scott had a lot of sorting out to do, of this company in ‘fine shape’.
1. If all resolutions passed, carry on with SR into 2024,
2. If BOD are voted off-will we have an - EGM?, to elect new BOD and where would they come from, who would put such a proposal forward, a broken and rudderless ship could lead to a low bid takeover bid imo
soon find out tomorrow
1984, they block you because you quite often talk utter sheite and in a derogatory manner too.
Strangely enough, I haven't.
It's probably down to the comedy value, tbh.
As I posted earlier covgaz it's all become a bit of a popularity contest here a bit Ike the X factor is all bluster and no substance 😉
ONWARDS AND UPWARDS !!!
I'm not particularly bothered , but I find it quite amusing that long term residents here will engage with newcomers on a regular basis , yet block holders that have been posting here for years. Quite astounding imo.
Isn't La Hueca within the vicinity?
Oh, and one last tip for you MJ, this board is a bit like StarWars bar, don't let that put you off :-)
MJ ... in addition the other helpful comments, the current Tier 1 asset we have has a NAV of circa 62p a share based on industry standard metrics for minerals in the ground to be mined. Add to that it's the only Tier 1 not already In the direct or indirect hands of a major and a copper shortage that gets nearer every time a major brings out production forecasts for current Cu supply.
Add to that the current management want a pay day and its a screeming buy for me if I didn't already own a ton of shares here already.
Willem YouTube previously linked well worth viewing. ATB best to you. C
Chinese expanding operations at Mirador...
https://www.bnamericas.com/en/news/lundin-gold-betting-on-finding-another-major-deposit-in-ecuador
MJ...when you say sitting on the sidelines, you clearly haven't read much...
Sangha has been quietly marketing the company for a sale for months now...
But the 'inside' shareholders are not going to let it go cheap.
PFS3 delivered I'm January will show cheaper CAPEXand earlier delivery of positive cashflow...
There are probably now 6 companies that have done site visits and 20 in the dataroom...the feedback is excellent...
They dont want to market it aggressively because that might result in a lower exit price.
But who will want to be the first to bid if, like BHP at Noront, they end up obliterated...?
You should watch the Middelkoop video from yesterday...this is the best new copper project in the world, the price is ludicrously cheap because Junior Miners have been hammered but he believes the Bull market for Juniors, especially gold, battery metals and copper has already begun and prices could rise rapidly in the New Year...
In short...cheap as chips...
Off!
Just filter! Don’t be like stack, a 🔔🔚
With due respect, take this discussion on UK politics to somewhere else.
You too!
He wouldn’t dare!
Jesss get a room!
This board just gets worse!