I'm not surprised Simple Ronny is still hanging around and still making uninformed comments, already proven to be way off the mark on so many occasions. Does he still bring in that other nutter - The QBall NJ?
Anyway, getting back to the SYA AGM, I was amazed that JB didn't cut the questions from the floor completely after the first couple pretty much made the same statements and asked the same questions, because he was clearly getting tired of the same old stuff being rehashed by different SH's. PL had the right idea and cut one short by accepting it as a statement....bet that went down like lead balloon!
The funny thing was, this elias/Loui reckons the SYA BoD can't be trusted....and he banged on about JB not being approachable and that he couldn't get any contact information for him......YET had sent JB emails after the "SH tour of NAL". That doesn't sound like he holds himself to the same 'trust' values that he expects from the BoD. Seems there may be a bit of 'sour grapes' from said SH when he didn't get the IR gig he was aiming for....JB called him out on that around the 1:53 mark
Can't imagine what state SYA would be in, to have even more inexperienced operators trying to call the shots over there. Could you imagine the state of the public relations if this sort of 'cherry picking' was let loose? Hang on, I think that was the problem when BL was around - he was forever saying things to SH's out of school that didn't eventuate - but at least he gave his SH's something to 'research' when he posted cryptic pictures of his team in Sth Korea. What did JB say to this sort of activity? That it wasn't the way he rolled and would never promote anything that might pre-empt expectations. As JB said - he didn't see any results from any of those visits. Maybe he should read HC - plenty of misguided results hammered out on a certain forum. Might be the reason BL was let go - lots of talk (probably to the wrong forum) and no action.
Luckily the BoD out voted BL about the last cap raise (and I'm only taking that as gospel because the 'brains trust" over on SYA said it was so). Might have saved the coy in the end.
was also good to see JB acknowledge PLL's goodwill gesture to allow the first spod shipment to go to the JV, 'so as to put cash back into the JV'. Haven't seen any recognition of this over yonder....
Hopefully the BoD do pick up their socks as they have been lacking in comm's for many a year and today's announcement was probably brought on by the No Vote team making the ASX/ASIC aware of the BoD's failings.
Hopefully when the additions to the BoD team are announced, the retail SH's aren't too disappointed when the status quo is maintained - that the PLL OTA is LOM and that the refinery will be properly costed and studied before a final FID is taken, sometime prior to 2026. As the original transaction stated the JV needs to undertake to convert at some time between 2026 and 2031. As JB also stated the GoQ are likely to be amenable where it can be shown that proper business decisions are being progressed.
I'm not holding my breath that things will improve in the pit, no matter what changes are made.
(20min delay)