Upcoming AGM18 Mar 2022 18:07
Another week passes and nothing material from Red Rock, with only 8 trading days left until the AGM one wonders whether anything will be released before Bell faces a shareholder vote to retain his position.
I have lodged my vote against Bell, Borelli and the authority for Bell to be able to issue shares without shareholder approval - voting against resolutions 2,3,5 & 6.
Noticed that the last year similar AGM resolutions were withdrawn before the meeting, presumably actioned by the major shareholders, the question now, are major shareholders going to vote against near certain dilution if Bell gets his approval, one wonders if Bell has canoodled Helpful and his chums this time around ??
Helpful seems to have gone quiet recently concerning the AGM, last comment concerning placing authority was months ago when he implied Bell would not gain approval from the major shareholders, so what do you say now Helpful ??
One suspects that many Red Rock legacy holders read this bulletin board, some may have decent stakes, my bet is there will be a large vote against Bell remaining in office, the Bell discount on Red Rock equity has remained in place for years, surely enough is enough.
Bell has not delivered the changes he promised last year, he still sits as Exec Chairman and CEO something which the last two Annual Reports stated at poor governance, he said that would change, he has also failed to address PR which he openly admits he is poor at, promises that 2021 would be a revaluation year for Red Rock (a claim he made in March 2021) have come to nothing.
No JV's, no asset sales, no cash received from legal claims, no IPO's, no re-rating, no transformational year, no resource upgrades, no revenues, no new CEO or COO as promised, the list is endless.
Over to the shareholders !
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