Got them this morning and voted against all of them.
He wants $800000 for the last 3yrs for management fees, lol.
Then he wants to buy Sellheim and MAYBE, HOPEFULLY mine it. The big question is, if Sellheim is so good, why are the vendors selling it, remembering that one of our directors owns a fair % of it.
He can't even mine what we already have in PNG, New Zealand or the 3 Chillagoe mining leases we acquired in 2020 here in Far North QLD. His track record has a lot to be desired.
We haven't been relisted so we can't even trade on the PNGX, All because he won't lodge 3yrs of Annual reports, why is that?
Quite personally, i would prefer the Receivers to come in and take over, at least i could wipe my hands of this and would get $100k+ tax credits.
With the amount of shares they already have amongst themselves, the resolutions will most probably pass anyway, as they will vote for each other.
Either way my 1.6mil votes are against them.
I say mine what we have, get money in the bank, then think about other assets in a few years.
I notice there is no resolution for a remuneration package, so we can't vote the board out either. Gltah
Expand
