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Having given some thought to the issues discussed here re voting at upcoming AGM, Iāve decided I will support all the resolutions.
As a long standing holder here I share the frustrations being voiced.
But, in my opinion we have to support the BOD as whatever has happened in the past (the responsibility for much of which no doubt lies with recently departed Execs/ Board members) the only way we get value here is to stick with the remaining Board and recently appointed Directors.
We canāt trust BHP/NCM nor can we give complete control to CGP/ Maxit.
Retail shareholder support is vital because BHP and NCM must be prevented from creeping control attempts.
If any of current BOD get removed it just leaves room for BHP and NCM nominees to be appointed and have a lot more influence which is potentially disastrous.Ā
āStrategic review ā can only mean āget taken over at a high priceā. Talk of selling the asset, spin outs or part of assets would be simply to explore ways of getting more value into shareholders hands. Im sure that the majors will want the whole lot so I think this will probably motivate them into action. We all want a bid at a high price and the merger with CGP shows that is what is being worked towards. Ā
It is very very important that resolutions pass at this meeting. Nick and Sangha have pulled off takeovers in the past, so Im confident it'll happen again. There is no reason why they'd go cheaply.
I can sense real danger of BHP/ NCM gaining control if we fail to back the Board at this time.
Please support all resolutions, and please change your instructions if you have voted against before it is too late.
morning Colonel.
I think Perez is not purely a Green candidate. There are also ethnic aspects of his appeal.
Whilst there is anti mining sentiment in his campaign, it would be too simplistic imo to list him as a Green candidate
so, 'a source' reports that Solg are in the process of replacing CEO within 6 months.
Solg had already informed the market that they were looking at succession planning, this could only refer to NM's position imo.
Why would the news be released after market close on a Friday?
This might be news, or it might not be