RE:RE:Synopsis of the AGM Vote
Wayne..... at my age.... the pencil is never sharp. A couple of years ago, the directors were each getting paid between 60K and 90K. I wrote a letter to Cathy, showing what Directors of comparable companies were getting paid. She changed that within weeks. Right now, our directors are getting lower financial compensation, but they are getting RSU's, which are all underwater at this time ..... so they have been letting them expire.
I have thoughts from when "Dato" first showed up, that he will take control some day.... he is probably an "insider" with the Malaysian Goverment.
I still have the thoughts that this company is a "real gravy train" for the insiders, like, don't mine more then we don't need, and make the mine last as long as possible.
Yes, they are employing locals with well paying wages, they support the schools, and health system in the community .... but that ios probably dictated by their operating agreement with the host country.
Cathy only fell into the CEO's job, by Baldock retiring.....and I think her communication skills are the worse..... put her back as CFO, same wages, and then go and find an administrator communicator to run the company
Just my thoughts ....... Richard