RTG (ASX) Ann: BEC ACKNOWLEDGES THE REQURED LANDOWNER SUPPORT FOR BCL APP..

Originally posted by blackskinpla ↑

My opinion is that a number of Bougainvillians are discouraged by the fact that the people of Bougainville are not allowed to exercise their power of ownership

For all the talk that BCL shares have been turned over to ABG and the landowners, the fact remains that they are not able to exercise those rights

The landowners are supposed to get 17%, which should be good for at least 1 board seat. That is still not been exercised by the landowners

The ABG is supposed to get another 51% (or something thereabouts). That also is not being exercised by ABG. Thats around 2 board seats, at least

Instead, what they are doing is putting Bougainvillians in the Board as Board members.
Putting Bougainvillians on the Board is not the same thing as exercising control.
Until that happens, BCL will be treated as a masquerade

On to make this post on-topic, my opinion is that for as long as BCL is using Bougainvillians of their own choice on the BCL Board, and not Bougainvillians chosen by ABG and the landowners themselves, RTG will have an edge

For me, what is also crucial are the 17% EDA shares that are PNG-owned. I think that should be part of the ABG shares. I get the feeling that the BEC and the ABG government gave up on BCL when they realized that the BCL shares will never be turned over to ABG control, and that BCL will not be "the devil we owned, and not the devil we know"... I think that was what broke the camels back, and signalled the turn-around of ABG against BCL.

Putting Mel Togolo as Chariman does not cure the basic deficiency of ABG control of BCL
Paper shares that can not be exercised just dont cut it

Happy New Year guys

Expand

Originally posted by blackskinpla ↑

My opinion is that a number of Bougainvillians are discouraged by the fact that the people of Bougainville are not allowed to exercise their power of ownership

For all the talk that BCL shares have been turned over to ABG and the landowners, the fact remains that they are not able to exercise those rights

The landowners are supposed to get 17%, which should be good for at least 1 board seat. That is still not been exercised by the landowners

The ABG is supposed to get another 51% (or something thereabouts). That also is not being exercised by ABG. Thats around 2 board seats, at least

Instead, what they are doing is putting Bougainvillians in the Board as Board members.
Putting Bougainvillians on the Board is not the same thing as exercising control.
Until that happens, BCL will be treated as a masquerade

On to make this post on-topic, my opinion is that for as long as BCL is using Bougainvillians of their own choice on the BCL Board, and not Bougainvillians chosen by ABG and the landowners themselves, RTG will have an edge

For me, what is also crucial are the 17% EDA shares that are PNG-owned. I think that should be part of the ABG shares. I get the feeling that the BEC and the ABG government gave up on BCL when they realized that the BCL shares will never be turned over to ABG control, and that BCL will not be "the devil we owned, and not the devil we know"... I think that was what broke the camels back, and signalled the turn-around of ABG against BCL.

Putting Mel Togolo as Chariman does not cure the basic deficiency of ABG control of BCL
Paper shares that can not be exercised just dont cut it

Happy New Year guys

Expand

Originally posted by blackskinpla ↑

My opinion is that a number of Bougainvillians are discouraged by the fact that the people of Bougainville are not allowed to exercise their power of ownership

For all the talk that BCL shares have been turned over to ABG and the landowners, the fact remains that they are not able to exercise those rights

The landowners are supposed to get 17%, which should be good for at least 1 board seat. That is still not been exercised by the landowners

The ABG is supposed to get another 51% (or something thereabouts). That also is not being exercised by ABG. Thats around 2 board seats, at least

Instead, what they are doing is putting Bougainvillians in the Board as Board members.
Putting Bougainvillians on the Board is not the same thing as exercising control.
Until that happens, BCL will be treated as a masquerade

On to make this post on-topic, my opinion is that for as long as BCL is using Bougainvillians of their own choice on the BCL Board, and not Bougainvillians chosen by ABG and the landowners themselves, RTG will have an edge

For me, what is also crucial are the 17% EDA shares that are PNG-owned. I think that should be part of the ABG shares. I get the feeling that the BEC and the ABG government gave up on BCL when they realized that the BCL shares will never be turned over to ABG control, and that BCL will not be "the devil we owned, and not the devil we know"... I think that was what broke the camels back, and signalled the turn-around of ABG against BCL.

Putting Mel Togolo as Chariman does not cure the basic deficiency of ABG control of BCL
Paper shares that can not be exercised just dont cut it

Happy New Year guys

Expand

Blackskinpla it goes without saying that the new non Rio BCL will do all the things necessary to get the mine reopened even to the extent of having a very minor role for RTG.
To suggest anything otherwise is to be entirely dismissive of the ABG.

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(20min delay)
Last 3.1¢		Change 0.001(3.33%)		Mkt cap ! $46.65M

Open	High	Low	Value	Volume
3.1¢	3.1¢	3.1¢	$9.9K	319.3K

Ann: BEC ACKNOWLEDGES THE REQURED LANDOWNER SUPPORT FOR BCL APP.., page-39

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Ann: BEC ACKNOWLEDGES THE REQURED LANDOWNER SUPPORT FOR BCL APP.., page-39

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