proxy fight has started, page-3

timber1956

I do not dissagree. Anyone that is trying to win a position will do so in a manner that presents the strongest arguement.

Matthew/Nexif really need to come clean on what they are after!

Note, Matthew at his prior role was interested in buying the reminents of Alinta when it fell over. He has now positioned a 10% shareholding in AEJ. I can understand his desire to roll up his sleeves and get Redbank pumping but Im sure all of us shareholders would want to do that.

The discussions I have had with Matthew would indicate that an equity raising of some form wouldnt be out of teh question. that potentially will dilute existing shareholders substantial if its at current SP level.

Why the urgency from Matthew/Nexif? & why has he tried to split the existing board by isolating the Coastal guy's. They are teh Major shareholder, why would you put them off side?

Is there a potential that the board may have alternative options that Nexif doesnt like?

All in all throwing a new head into tyhe discussions with the lenders at this stage (from my experience) is counter productive!

At this stage I want the existing board in place with no changes. Once a long term funding arrangement is in place, yep i have no problem with anyone joining the board.