Peppie, I bet they have significantly less than $3M in the coffers. As a shareholder I hope it doesn't get toward the death zone.
The quarterly will be out in a week.
We will see then. but given the notice of meeting is asking for the ability to place an extra 10% and increase it to 25%, we are odds on to cop another dilution before christmas. ho ho ho.
Bill Bloking is getting paid $300,000 per annum, thats $25,000 per month and more than what the previous md was paid. If he cant find a partner for Coburn and he can't sell it and all he gives us is a dilution then what have we gained by Harley leaving? Simply, if he doesn't deliver and get the share price up then he should be shown the door.
Don't forget that a fair sum of the money returned by rebates/ refunds and the like was used to pay the previous md's legal entitlements on retirement. He did after all work for several years without getting paid.
I really wonder about a few things with this company. It will be interesting to see if shareholders vote down the remuneration report and vote down the chairman's re-election. Either resolution can be voted down - it just depends on what Mr Tillbrook wants to do.
- Forums
- ASX - By Stock
- GUN
- iluka quarterly
iluka quarterly, page-8
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GUN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online