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Aware* didn't proof read
If it's going to happen what is the objective?
I'm in support of it and every day we don't have an update I'm more inclined to get it done sooner rather than later. In my opinion, there is more than enough happening right now that we should be made away of with a progress report. I believe I have 2.5m shares it's definitely above 2m anyway
And if I'm wrong with regard the sensitivity of the information, why aren't we given either a statement to allay shareholder concerns or at least monthly updates on progress. There must be loads that can be shared; whether or not the coal in pit 1 has increased in quality (Not as fine as previously produced), production, the findings on the application, either it hasn't changed and they can resubmit or it has changed and the board are working on an amendment as the deadline is just over a fortnight away
Some may notice i don't tend to post much any more; I read when I can and people blasting the board is probably great for rallying people who have similar views, but if what you're saying is incorrect and damages a reputation.. It would probably damage the action groups chances, as well as your own pockets.
I have vented to the board, I've raised my concerns and I've heard from them what I'm sure the rest of you have too. My concern is concealing of information. I'd said before at the time of the AGM, why was it appropriate to mention the potential 10k contract when we weren't close to producing that much? Why are we talking about contracts for the 8k per month or whatever it sits at currently and yet we don't know what's happening with production and what's happening with the new pit and equipment?
This information good or bad for the shareprice is surely price sensitive and needs to be shared ASAP?
It was RMP. The aim was a change of board, the share had 0 active projects, was burning cash and spent something stupid like 18 months trying to sell an asset that was seemingly dead in the water. The things I would say I have learned would be:
The group needs a clear purpose - we nearly had the 5% but some people were holding conditions on their votes. I.e. if nothing happens in 3 months, but this was after 2 years of next to no news, it seemed strange waiting another quarter. If the group had have formed on the proviso of join if you want X, Y, Z I feel it would have gone further. Unfortunately it became a platform for venting rather than working together.
The group needs a proper knowledge of the process - I reached out to a couple of share tipsters that I no longer subscribe to, they tried to help raise awareness, but they also let me know some of the pitfalls.
All members should post on BB's with facts and not emotion. It's very easy to get frustrated and vent on this platform but you potentially open yourself to civil action.
I fronted an action group a couple years ago. Got to 4.7% and people lost interest and didn't want to shoulder the work load. It's got to be done right, cos if you make a mistake it's the same as sacking anyone else who has been in a job 2 years or more except their package from the company is larger
It's going to probably mean that folks will have to pay to have their stocks issued to them and not their broker account. IF removal of the board was tabled a replacement has to be put forward too. To the best of my knowledge but legal advice would be preferable
To see that the Twitter account is being updated regularly... quarterly is regular in relation to leap years right?
I've given up on talking to the board, it got to be too like, your points are duly noted... and taken no further; for me at least anyway. If an action group were to be formed with intent rather than being a discussion group, then I'd be interested. On the grounds that nothing of any merit happens in the coming weeks or this keeping the shareholders in the dark continues
"Cinco is a huge gas prospect... but we won't drill it..."
"Our primary target didn't hit commercial quantities... So we are leaving the potential huge gas field... even though hydrocarbon are present."
Otto left RMP holding the baby last time...
You bought back in or trying to recoup losses from last time. I doubt I'll ever buy back. Though if the price is right come December I might have a little punt lol
The MCAP you can say look at the deal. The terms of Georgia, Puntland and Philippines were great... and look what happened there.
Until drilling starts all RMP have is a piece of paper. The same stuff was spouted with the Philippines drill; I personally don't know why it's 117% up. 20-30% maybe...
88E has cited Otto AND RMP on their Alaska project I haven't seen an RNS from RMP saying they were in partnership
Sales have been frustrated by third party vehicles... We need to raise capital, so we can have MORE third party vehicles... can't write it
My same thoughts. There seems to be no mention either of what's happening to this 9,000T of fine coal. Is it being stockpiled for the main project. Is it being sold to retail customers for domestic use or is it being trashed. Unless it's coking grade surely selling it for going rate down the market is better than sitting on it. Hessian sacks can't be that expensive
I've been seething; just caught up on the annuals as I've been on long shifts. How can; "potential new customer ordering up to 10,000 T/m be news worthy when our production has been just above the current 2,000 T/m
Ah yeah, was reading on the fly, I do apologise. But I will be voting against for most.
I'm looking to vote down the first 3 resolutions at least
Remuneration*