Ann: Resignation of Managing Director, page-25

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moorpett

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19/07/22

16:40

Post #: 62612519
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Originally posted by wassa: ↑

You can only back yourself into a corner for so long before time catches up with you. I have been saying for a long time they need to be more transparent with the progress, finally it seems they ran out of time .... and this is the result.

Its been known for sometime the tailings dam is a problem .... from various posters for those who listened ... the strategic review is just painting a picture of responsibility but what has ultimately led to this situation is poor planning and a poor plan imo.

Its a shame Mel is exiting, he worked tirelessly for RVR but possibly this led to the above situation, there’s only so much one person can do or take on, after a point it becomes counterproductive when things are delayed and missed. I have spoken about the cumulative effect in a past post .... we are now seeing that imo. You can’t run an expanding mining company almost solo.

I have been critical of the Board, imo they left everything to Mel. There was a lack of guidance and timeliness imo.

On a personal note, I really do like Mel, met him a few times, called him numerous times, spent a day with him on a Hillgrove site visit, he was always generous with his time to me. For that I thank him. I hope he takes a well earned break.

But Rvr has lagged the market for a longtime, a new CEO with a fresh approach and a new story maybe whats needed, let’s hope it works out for everyone.

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i would say by the lastest ann that we know who pushed, maybe wanting a director spot next.....

RVR Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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Ann: Resignation of Managing Director, page-25

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