Ann: Annual General Meeting Notice of Meeting, page-25

This AGM is basically so management can ask shareholders to ratify their massive salaries (again) and issue them a heap more options (again). The incredible thing is, shareholders will probably agree to both, then continue to wonder why the share count keeps going up, the share price doesn't go anywhere, and yet management keep telling shareholders to be patient and quote Warren Buffett at them, etc.

Gentle reminder:

• in FY22 BRN key management personnel took home US$8.12M (A$11.9M) in remuneration, of which US$5.5M was share based i.e. options etc. No wonder they want you all to agree to the remuneration report again!
• that same year they made a (US$22.0M) loss after booking only US$2.7M in cash receipts. Compare that to what they paid themselves...
• On 29 November 22 Sean Hehir got 2,000,000 FPO shares issued to him.
• Two days later he dumped almost half of them on market between 72.5c and 76.5c a share

BRN thank their loyal shareholders - keep fighting the good fight against all those pesky HotCopper downrampers! It's definitely the strangers on the internet taking you for a ride, not the management team!