GWR 7.69% 8.4¢ gwr group limited

egm announced with 12 resolutions, page-7

  1. 84 Posts.
    What an absolute farce
    Where are the authorities that is supposed to protect us
    You give a fas aligned board 30 odd million after the previous board had to resign en mass. (Im sure it wasnt their intention to leave us exposed to this board) What happened to them!!!!!!
    Now within 6 months the board has blown it because they are looking for more (more than a third of the shares on issue) to reward the board the tealady the gardiner and possibly his sister who is connected to someone somewhere. What has happened to salaries Con

    Still no mention of a possible reason for the request for extra shares except to say that it all hinges on the Doutch tenements. Of the 125km of strike length this ore is apparently all underground under these tenements.
    Also dollars was mentioning someone trying to keep the price down why obviously so that they can issue the maximum number of shares to Doutch

    The previous board had the tenements valued and I do not know the figure but it was not a fraction of what is being offered now
    Who did the drilling on those tenements certainly not Doutch We payed for it so that Doutch can get the maximum leverage out of it
    They mention 8% of the total resource of 86 Mt
    It however is just 2% of 400mt and therefore not first point of business for any board

    Have you thought of perhaps letting your shares go because if we cant prove more than 86mt resource this company is going to go under and we will all have to pay Doutch to compensate him for his promised sale before GWR went belly up

    It is time we voted with our feet and deny them the extra shares and vote all the FAS people off the board

    This is my honest opinion have I got it all wrong? Am I the only one concerned and fed up with these games being played WITH OUR MONEY
 
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