MEL 0.00% 0.5¢ metgasco ltd

Ann: Replacement Notice of 2013 Annual General Me, page-5

  1. 13,176 Posts.
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    re: Ann: Replacement Notice of 2013 Annual Ge... With all due respect wpa the only way to genuinely guarantee your directors (in a mining junior) serve your interests is to have them as significant shareholders (preferably paid for by themselves). That guarantees respect for cash reserves as dilution hits directors as much as retail shareholders. Dilution is the enemy.

    There are so many examples on the ASX at the moment where directors are milking the company's they are supposed to be running dry with no regard for their shareholders. You are witnessing a very important fundamental change in how these companies (that have quality assets) are going to be governed in the future. The gravvy train has stopped and those not holding tickets are being booted off the train. Shareholders are taking back control of their companies.

    I don't currently hold but will re-enter and if that is before the vote, I will be voting against all these resolutions.
 
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