Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What I don't understand is why couldn't the FI government done more to help secure the funding for the oil companies. It's certainly in their interest and given that they hold all the keys to making this work at a taxation/licensing level couldn't they have issued bonds/offered financial guarantees to make this happen? FI could have had a sovereign wealth fund by now FFS
BOD are on holiday for the 'imminent' future
sound familiar?
https://www.zerohedge.com/markets/ceos-who-gave-salaries-solidarity-workers-gouged-stock-grants-instead
Citizentrans - I have a damn sit more shares than you I imagine and I have been committed to Rocky since pre discovery. I'm just disgusted at the CEO constantly rewarding himself over 12 very long years.
Taking a 20% cut to his half a million basic pay and then rewarding himself with millions and millions of shares is not a realignment with shareholder interests. And long term shareholders' interests DO COUINT! LTSHs are the only thing that keeps this company's lights on at the moment.
So I do have a valid concern and say in the way this company is run. Unlike you I question our so called CEO's strategy going forward. If you were a legit shareholder then you should probably do the same.
"Defeated by my own you past" - you absolute TS w&nkr!
The current share price of 6p should be temporary provided some progress can be made once the COVID lockdown is over. Given that we were trading at 20p before COVID there is no way Moody and his motley crew can justify giving themselves 12 million share options at between 1p and 6p. It beggars belief that directors of our company who owe a fiduciary duty to the company canjustify such a large number of options at this current share price. They aint doing anything nor gernerating any shareholder value to justify any bonus!.
Vote them the f out!
I've revised my voting to say NO to all 10 resolutions. Let Rkh come back to shareholders when they come up with a reasonable renumeration structure. There's no rush to pass these resolutions.
If Moody hadn't pressed ahead to takeover FOGL back in 2015 at huge dilution to Rkh shareholders it would have been very likely that another oil company with deep pockets would have ultimately taken FOGL's acreage (after it went insolvent). Sharing the development costs of a new basin would have turbo charged the project which Rkh/PMO etc. would have ultimately benefitted from. Instead we are left languishing indefinitely whilst the BOD continue to draw huge salaries and reward themselves for their 'extraordinary' deal making prowess. Yes hindsight is a blessing but any blind person can see that having better funded oil companies has benefits to all. A smaller share of a bigger pie is better than a large share of a nothing-pie
12 millions share options at 1p and 6p! I imagine that very few long term shareholders have even close to a million shares and these guys want 12X that. This is a material dilution and yet the company isn't raising any new capital.
They don't need an office in London because there isn't anything else they need to do for the foreseeable future. PMO are running the show and Rkh BOD are sat on their fat asses.
Compare our BOD to SOLG BOD. SOLG have regular video investor updates. NM the CEO said he won't bow to raising funds through equity issuance because he and his management team's interests are aligned. They are working their assess off to get a discovery of a generation monetised. Compare the to Mr Moody. I have seen the same presentation Rkh put together 10 years ago being used every year since. Not one video inbestor update for us. No alignment of interest.
Let's vote Moody off the board. The company can continue without him, all we need is an acting CEO and no director needs 12 million shares to motivate him or her. That is disgusting and the desire of a sociopath.
So after absolutely decimating the share price to its current level Sam and Stewart now want to have 18 million share options over the next 5 years (12 million to Sam). It beggars belief! Can you imagine what these would be worth if the share price recovered to just what it was at the beginning of the year (20p). Their paltry 20% cut on base pay is being converted to a significant equity ownership of the company for next to nothing (1p or 6p options) which will dilute our shareholdings to nothing.
Moody is a sociopath.
Vote him out. Rkh can operate perfectly well without him and I'm sure a damn site better. I know for a fact that TD at PMO can't stand Moody
we need to give Sam and the rest of the directors a bloody nose. Sam thinks he is god himself!
Trop, most brokers will vote as directed. They won't use your shares to vote as they please
Just called my broker and voted against Sam Moody being elected as Director. It really is that easy. Just pick up the phone and vote against resolution 5. "THAT Samuel Moody be re-elected as a Director of the Company".
I voted for all the other resolutions as I don't personally want to screw up the company! All I want is a CEO that doesn't think he is on a par with BP's CEO and is alighned with the long suffering shareholders' interests. He should work for free! When the farm in happened that money should have been returned to shareholders or at least spent on income generating investments. It's all gone now. Outstanding!
Please please vote Sam out. It doesn't take more than 5 minutes to cast your vote. We do not have to suffer fools
The spread is so wide on here co pared to other oilees, it's getting on my tits,
What's the alternative, a senile, non-sensical second rate career politician with a highly questionable 'creepy' history of smelling female colleagues' and children's hair and with a pending, verifiable #MeToo allegation? Only the Democrats can make such a big deal out of a unverifiable #MeToo allegation against the appointment of Supreme Court judge Kavanaugh but totally disregard the verifiable allegation against Biden. The hypocrisy is outstanding!Thank god neither will be my president!
What exactly does Moody do day to day?
funny as fark, amigo
Has there been any update whatsoever fro the BOD, are they still working or are they having problems logging on remotely?
Has there been any update for the totally absent BOD on where we stand with the arbitration and EAF financing? Are the BOD able to work from home or are they just taking a nice long break
And PMO would be selling oil in the futures market so the price they realise should be a lot higher than spot if I'm not mistaken
love the senes of humour
Surely ARCM have dropped their court objection? They have creamed it from their short unless they want this to go to zero?
Fark%ing b5ast%ds