Should board members have intervened at the AGM?, page-12

Wow, I can’t believe you are seriously trying to put ANY of the blame on shareholders for the disgraceful display from Antonio Viana at the AGM. The blame for the disgraceful behaviour lies entirely with Antonio Viana, and the other board members who sat silently whilst he blatantly lied and contradicted the ASX price sensitive announcement that the board hasunanimouslyagreed on. There seems to be some short term memory problems at BRN.

In my opinion, with their silence,ALL of the board members breached their fiduciary responsibilities.A shocking display from the entire board.

Some replies to your comments:

From the very beginning, there was an aggressive undertone in the audience, which disappointed me and certainly many others too. Have you stopped to consider why there may have been an aggressive undertone from the audience? When you email Tony Dawe, you either don’t get a reply or you get a stock standard reply that does not answer your question. Almost no ASX announcements are ever made regarding deals/customers. Our IR is abysmal. The only chance shareholders have to air their views, and actually have them acknowledged and put on record is during the AGM.

As an investor, you often have unrealistic expectations and hope for a quick buck. Anyone who has unrealistic expectations must be able to deal with the resulting disappointment and reflect on themselves. A quick buck? Some of us have been here for 10 years and don’t have unrealistic expectations, we just feel like we have been misled by the company year after year (over promising and under delivering). There are too many examples to even bother posting them here, just go back and listen to the 2023 and 2024 AGM, and the interviews that Sean has done with Mark Kennis, where he talks about when to expect deals and revenue.

It would have been professional if someone in the audience had stopped the escalation – because as a listener and investor, you can also act as a moderator. Are you serious? The people that should have stopped the escalation were the CEO, CFO, the three NED’s in attendance or Tony Dawe. If the Company had admitted straight away that Antonio was making a mistake with his comments regarding the redomicile (and several other times during the AGM that have been raised in previous posts), it would have gone a very long way in stopping shareholder annoyance and anger.

Just a reminder as to what our Board were paid in 2024.

S Hehir 1,720,009 USD

A Viana 395,930 USD

P van der Made 40,468 USD

G Carrick 230,972 USD

D Le 208,232 USD

K Scarince 729,816 USD

If the board can't handle a group of (rightly so) disgruntled shareholders, I’d hate to see them in an negotiation for a contract with a “behemoth” that Antonio has referred to several times!If they can’t handle a "hot" AGM, they should reconsider their positions on the board of an ASX listed company.

And here I was thinking only the Board liked to gas light shareholders… but there you go, even other shareholders do it!