Ann: AGM chairman's address, page-15

An ore resource type statement speach can be largely different from a confirmed ore reserve statement. All the hype about mega deposits such as a Lasseter's reef style speach hype could be taken with a grain of salt. Has RED actually delivered to any shareholders in the last 6 years? How could one have any confidence in management.

The only tangible results I can see in the last 6 years are bonuses to some management whilst the sp has gone nowhere or mega backwards, whilst the company has mostly racked up nett losses for the finincial years, whilst shareholders have been diluted massively in return.

There were 135M shareholders in 2012 now 1.3 Billion, shareholders have been diluted 10 times, doesn't anyone get it??? The only wealth generated by this company is through dilution of shareholders, sure enough assets have been gained in WA but they run at a loss. What wealth has management created for shareholders? Zero.