Member Info for Stuiegee

I support an EGM - Rec this postTue 09:26Any more for any more?

LG 6.5m
Potter25 3.6m
Stuiegee 2515897
JZD - 9.627M
Areyousure 4m
SG 2m
J4yo - 4103884
kread - 10.3m
awj69 - 4.5m

I implore anyone who was on the fence out it, to consider this morning's lack of communication on deadline day and decide whether or not they still want things to stay as they are.

JZD not too sure whether the issuance can be changed. Also has anyone worked out whether the new salaries are inclusive of the 3 bonuses (I.e. 5T/m over 3 mo?)

Yeah not too sure where I went wrong on that *oops*

Approx 80m so far. Need a few more but that speaks volumes in my opinion

I wasn't, though I tried to be.
I've defended the board on plenty of occasions, but it's getting a very boring game now. If they acknowledged their failings and have carried on more than a slap in the face for the SHs.
I'm growing increasingly concerned over the resubmission of the papers. Either there has been a change which warrants a resubmission (Which if so why haven't we been informed there are only a short number of days to the deadline now) or there isn't and if there isn't why haven't they resubmitted?

One update in my opinion isn't good enough. We need a promise of regular updates

Okay so it's a 150m target and we have approx 30m already

You'd have to check the business documents, articles of association etc. It's usually 5% call it a target of 75m of which we have roughly 22m this morning. People need to find out the exact numbers no rounding up

Let’s see how many are here who want an EGM. We tried this on google docs before and some twinkle deleted all the data. Adding my holding here - please also do the same by copying and adding to this post NOT using another message or thread

Stuiegee 2515897

As mentioned previously, what objective would it hold. Some may only be in favour of pressuring the board some might want removal of one board member some might 2 or 3. You can collate the shares but they might be withdrawn if the group's objectives don't match their views

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...