These guys are a joke..
2
The Requisitionists are silent as to their board nominees intentions for Batangas. Neither your
Directors, nor anyone else, has any idea as to whether the Requisitionists or their nominees want to
develop the Company’s flagship project.
It is noted that only one of the three board nominees claims resources company management skills, none of
the three have stated any technical resources qualifications or membership of any resources industry
associations, and one appears to have never previously been a director of an ASX-listed company.
The Requisitionists’ statement makes no mention of who will be the Company’s Chairman, Chief Executive
Officer or Managing Director.
None of the nominee directors appear to hold any shares in the Company, unlike the current Directors.
On a separate matter, in the lead up to the Meeting requisition, former BBY Ltd share brokers, now with
stockbroking firm APP Securities, and their clients, including the Requisitionists, (the APP Clients), appear
to have acted in concert. This possible collective action has forced your company to conduct this Meeting,
with the apparent objective of replacing your Company’s board and obtaining control of the Company for
their own purposes. The Directors note that in the Company’s recent capital raising, in March 2016, the APP
Clients have been allocated almost all of the shares they currently hold by the APP Securities brokers,
seemingly in support of the Company. Your Directors are deeply concerned with the conduct of the APP Securities brokers, and the APP Clients,
and have notified the Australian Securities & Investments Commission (ASIC) seeking a full investigation
into such conduct. The Company considered that this is in the best interests of all shareholders of the
Company.
The Company will keep shareholders informed of any further developments in this regard.
The Directors urge shareholders to VOTE AGAINST ALL SIX RESOLUTIONS so we can put this disruptive
and potentially damaging distraction aside, and get on with the important task of developing the Batangas
Gold Project as quickly and efficiently as possible.
For your convenience, the green proxy form that accompanies this letter has been pre-completed in
accordance with your Directors’ recommendations and paid for by your directors. If you support your current
Directors, please submit this form.
Please note that, if you have previously voted for the Requisitionists proposed directors, and you now
support your current Directors, you can re-lodge your vote by lodging this green proxy form, as it is your last
vote received which counts. To be valid, proxy forms must be received by 11:00 am WST on Wednesday, 29
June 2016.
Every single vote is very important. Your vote might just make the difference.
Yours sincerely,
Mr Neil Warburton Mr Jon Dugdale Mr Michael Wolley
Non-Executive Chairman Managing Director Non-Executive Director
The cost of this letter and mail-out was borne by your Directors out of their personal funds.
Haha.. reported them to asic lol.. what fools.. they just might burn themselves as welĺ...
RMX Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
(20min delay)