RE: RCC17 Dec 2020 17:36
etank,
You are absolutely right. I've been a strong critic for many years, all the way back to when RY considered he needed to send us an RNS to confirm that he'd filled the fuel bowser with red diesel and the mess cabin fridge with pizza.
Drill results financial strategies, funding and take-off agreements? Who needs 'em? An experienced corporate financial advisor, an M&A man, nah! A set of robbing bas**rd financiers, Crede et al? Yes, we'll have some of them. As we all know, I could go on, and justifiably so.
The difficulty around these boards is who to take seriously and who not. We have some great contributors and I would name Sasa, Red and TDT amongst them. We also are beset with groups of LTHs who can see nothing wrong with the board, not to mention the hear today gone tomorrow mob that are after a quick buck, do no research and talk bo**ocks - we have a raw fish eater around here today who appears in the latter mould.
The majority of shareholders here are PIs represented through Nominees, mine's HSBC. The best way forward, it seems to me is to get sufficient people together with the same Nominee and attempt to make waves through them. They after all would have voted in the recent debacle, whatever it was and however it came about.
When we ask for information and updates, I honestly believe that the board often haven't a clue what to do or what to say, they certainly cannot pick adequately experienced and relevantly qualified co-Directors and nor can they spot a good deal for shareholders - my jury is out on the iron ore deal.
Just a few thoughts to demonstrate you are not a voice in the wilderness.
Good luck
cb