This was my first Flinders Mines AGM. And to be honest I was sceptical that attending would have any benefit to me as a shareholder. I expected the same old rhetoric … our hands are tied … we don’t know what BBIG are doing … we are working for all shareholders (wink!) … and yes we need more money.
I wasn’t disappointed. I got all that. But far from being a wasted trip, I got two significant benefits from attending. Firstly I got to meet some of my fellow shareholders. I wish I could have stayed for the after-meeting but alas my travel schedule didn’t allow. I hold with the comments posted by others – FMS minority shareholders are a decent bunch of men and women. Decent in character, integrity and commitment. It appears that “fair value” is a common goal. And yep I would say it’s not only me that is frustrated by the apparent lack of communication and action.
And secondly I got to view the FMS Board in action. Not their finest hour(s). I was less than impressed. But what occurred to me was that IF this Board was calling the shots, I would sell my holding as quickly as I could. But the reality is they are not calling the shots. They may be making minor decisions – and possibly working very hard (cough! cough!) But I have no doubt, they are NOT the decision makers. The elephant not in the room was Todd.
And so, AGM or no AGM, nothing essentially for me has changed. I believe I hold shares in a valuable asset. And that value will be realised. That asset will be developed – whether in conjunction with BBIG (most likely) or another third party. And there is a time-frame that is in the foreseeable future. The clock is still ticking. And although FMS Board is reluctant to announce anything other than facts – I am willing to bet (by holding my shares) that there will be announce-able news within the next 6 months – or 4 months even.
Thank you to the shareholders I had the pleasure of meeting – I appreciate your time and efforts both at the meeting and behind the scenes.
I close with the usual call-of-the-faithful
Good Luck to Us All and Hold Hold Hold Hold Hold
cheers
- Forums
- ASX - By Stock
- RHK
- AGM Notes
AGM Notes, page-17
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHK (ASX) to my watchlist
|
|||||
Last
76.0¢ |
Change
-0.040(5.00%) |
Mkt cap ! $151.8M |
Open | High | Low | Value | Volume |
76.0¢ | 76.0¢ | 76.0¢ | $2.316K | 3.048K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1316 | 76.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 2996 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7400 | 0.810 |
1 | 5250 | 0.800 |
3 | 1329 | 0.760 |
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 2996 | 2 |
0.830 | 2941 | 1 |
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
Last trade - 10.06am 03/09/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |