VIC (ASX) Ann: Board Changes

Originally posted by Sentia717: ↑

It is interesting in these circumstances that a new BOD is simply imposed on shareholders without any advance notice and without any attempt to get approval. Is it simply a case of a quick whip around the top 20 to see if the new lot is acceptable to them ?

The other question is why would these fearless fellows all line up to take on the responsibilities. It was suggested some days ago (and I have just forgotten who said it .....was it John1985 ?) that anybody who put their hand up to be involved would possibly be of a similar character or mind as those he was replacing. Heaven help us if that is the case.

I would certainly be interested to find out more reliable detail about their past performances and past involvements before we get to "approve" their appointments.

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I reviewed the charts of the companies listed and the report is looking ok-ish. Here's a quick run down:

Name of the new director, their other listed company name, code, current bid/ask, and MC as published by Commsec. Please note Pacton is listed in Canada, and I did not chase up the MC for that one.

David Sanders:
~~~~~~~~~~~~~~~
Force Commodities 4CE 1.1c/1.2c MC $5m
Caeneus Minerals CAD no bid/0.001 MC $14m
Pura Vida Energy PVD 2c/2.1c MC $5m

Alec Pismiris:
~~~~~~~~~~~~~~~~
Pacton Gold Inc CVE: PAC0.27 (last 2 years share price between 0.07 and 1.02)
Agrimin AMN 63.5c/67c MC$114m
Aguia Res AGR 15c/16c MC$24m
HotCopper Holdings HOT 18c/20c MC$20m
Pelican Res PEL - suspended by ASX since 30/10/2018. Last traded at 1.7c, indicating MC$6m

Hopefully the shareholders (and option holders - me included) can start dreaming of a "new" start. Fingers crossed.

I reviewed the charts of the companies listed and the report is...