Ann: Notice of Annual General Meeting/Proxy Form, page-203

First 203 Last

Share
Profile

Follow
locky27

4,139 Posts.

519

19/04/25

22:18

Post #: 78745683
Share

Originally posted by bene449 ↑

Hi

I am going to buck the trend and say I am not going to vote no.

When Ron bought this mine and soon after he was CEO of a minnow with a MC of around 10m. Now the market cap is around 400m and I am in the camp that thinks the MC could be 1 billion plus in around 1 years time if all things go well. As the sp rises my view is more retail investors will take the profits and more institutional investors will take their place.

Although Ron has done well at some point in time after buying this mine he must have trod in a whole heap of dog poo to have the luck that has come his way. I dont think he and his team are the best fit to run an operation with this type of valuation and I suspect he knows that at some point in time the management team will be replaced and so the rights give them a reward in the short term that they cannot lose, also termination rights for me point to the same outcome rather than a buyout

For me the main mistakes he has made are drilling the copper tenement , for me that was the explorer in his heart not the business man in his head and also the timing of the last cr. IMO they where taken aback by how fast the sp rose so grabbed at the money where better planning could have raised the same amount with a little less dilution. The funds had to be raised but it could have been done better.

I suspect they have a majority to pass this as they would have known it would be unpopular with most retail investors so why would you put this up if you did not have the numbers, short answer, you wouldnt.

If I am right I dont begrudge them this payout so given I think the result is already known I will not vote at all.

Just my opinion (which I am sure many dont share)

Expand

If the Chinese hadn't banned Antimony.......A buck might have been ok.....But a buck for the luck of there decision is Taking the Piss.

LRV Price at posting: 86.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ACW

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 203 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 65.0¢		Change 0.015(2.36%)		Mkt cap ! $261.8M

Open	High	Low	Value	Volume
65.0¢	65.5¢	64.5¢	$178.5K	275.1K

Buyers (Bids)

No.	Vol.	Price($)
6	67277	64.5¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	42060	3

View Market Depth

No.	Vol.	Price($)
2	5493	0.645
12	89048	0.640
9	185069	0.635
8	202958	0.630
3	87592	0.625

Price($)	Vol.	No.
0.650	2601	1
0.655	63985	4
0.660	64440	5
0.665	43903	5
0.670	295247	5

Last trade - 10.05am 30/06/2025 (20 minute delay)

LRV (ASX) Chart

Ann: Notice of Annual General Meeting/Proxy Form, page-203

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Notice of Annual General Meeting/Proxy Form, page-203

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News