I have no agenda but to make $$$ and exit, not wait another 3 yrs for it to eventuate...
Firstly, the board are here for 12 months as vote was cast ok so no Board spill coming soon... Note: 20% of SOI voted and now SHs sentiment is shifting away from this Board and imo SHs will not accept another 12 months of nothing and falling SP imo.... Can't continue like the past 5-6 years of nothing...
ROGs 100% assets now urgently need to actually deliver, it's no longer acceptable continually talking about these going nowhere assets, time for results/drills imo as the SP chart for last 5-6 yrs are totally unacceptable and the whole B&M need to take accountability and imo we urgently need an O/G director...
Currently with 5 Bil SOI, 450 performance shares for what?? Our broken record of a stranded waxy oil well Killa" with no buyer, no approvals and no rig planned and with what cash... We have Angola going nowhere anytime soon, talked this to death... My post on the day of the announcement clearly presented all the challenges and none of us expected a 90-day basic Govt approval, blown out to 900 days (lol) going off what ROG have achieved over pasted 5-6 yrs with their 100% owned assets, sigh!!! That approval won't stimulate SP, plus need G&G to approve if deemed drillable again and or commercial, this could be 3 yrs away..... We only have Killa and Flax and look where this sits, STRANDED....
To remove a board is relatively a simple process, I have spilt 3 previously and prevented 1 delisting so a couple of ways to do this... SHs vote 50.1% for a spill resolution (RES 4 as had 2 rem strikes) then have to find 3 directors or present a 249D, with 5% SOI, ROG hold EGM in 6 weeks and vote over 50.1% (yes have to present 3 replacements and vote for/against) or 1 resign "which is what I suggest" with a proven O/G director imo... Whole business needs a fresh set of eyes, as it's just not working and SHs need to see rewards imo....
Some need to chill out and calm the # down, (Quanny not interested in a slanging match lol, I don't have time to live on here like your good self, plus I have left school, I guess that's the problem of home schooling and still left sitting in office in front of computer for 50 yrs, lol, sorry had to have a dig at your combative response, hint: you are destroying your character by yourself, lol...)
The O/G sector has some excellent and proven candidates, which I personally know and would present as would many SH's on here.... Likewise, there are many directors who are just lifestyle directors, and we do not need these types imo...
I personally know very experienced directors who would step in, either caretaker mode or permanently.... Board knows directors as well as do other SH's... Later option of replacing 1 director which easy to do and importantly no detriment for the business or SHs, in fact will go a long way to boost market sentiment immediately announcing a new quality O/G director or MD imo....
To be clear I am not saying remove the whole Board and I support AK.... I have no issue with the Board personally but given our terrible performance I support change, it's just time... Even if RES 4 got up, I would keep AK, stupid to remove the lot...
I am not motivated to do this or talking tough, unbelievable stupid comment, lol... I am voicing what my investment needs to happen in order to grow, simple as that!!! Make $$$ and exit.... But if the situation were to rise and we have to find director/s, then I would present director/s as recently had 3 ready to go from another O/G underperforming company but SHs failed to vote...
SHs as a collective vote and choose, not up to me... AK knows my stand on this... We all want results, sooner the better and this team clearly hasn't delivered ... The big question is, are they capable of delivering, imo NO going off last 5-6 yrs, and that's why we need O/G director or MD imo going forward... To be clear one director has to go imo and support the smooth positive transition, not a time-consuming dragged-out process of a complete board removal... Hope this helps... Over and out, last post for a while as too much to do, than live on here, I have voiced my opinion of what's needed... GLTA...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.68M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $296.5K | 74.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 64684843 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 13616493 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 64684843 | 0.003 |
13 | 36440522 | 0.002 |
12 | 62050999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 13616493 | 8 |
0.005 | 42313163 | 37 |
0.006 | 23960415 | 24 |
0.007 | 20661166 | 14 |
0.008 | 16969891 | 7 |
Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
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