Originally posted by notned
Have considered the message to the BOD question
The message I want to get across is dump Moller has been a director since 2007 only recently gained some skin in the game though a give away. He comes across as a seat warmer whose only value is the preservation of the status quo so as to collet his fee.
Limited opportunity this AGM
The below is my thought process, which is not locked, in and could be swayed by intelligent argument. But if a few people were of a like mind I would also see it appropriate to communicate the intent with CN.
1 Chris Hartley seems a positive director for PGM so I vote - For
2 Remuneration report, a negative sends a message, while the report itself is somewhat innocuous it will only bite them on the bum if 25% of the vote is negative and is followed up in 12 months with another negative so for me Remuneration - Against
3 Renewal of performance rights for me its a - For ...... I don't want to interfere with any incentives offered to staff.
4 approval to offer additional 10%. This is purely a convenience for the BOD if they want the power to offer an additional 10% they can ask the shareholders, I daresay most would agree so for me the the vote is - Against.
As Oly said ecently, 26 to 6 says it all.
I certainly plan to vote against the Renumeration Report (there is no guarantee that pgm willbe any better off under thismob in 12 mnths and then we can really shake the BOD) and will have a closer look at performance Rights as I am sure they are sufficiently well paid if CN's salary and options are any guide.
I have thought about Dr Hartley and he most likely has made major contributions to scandium development but there is also a gaggle of expert consultants may also be equal or greater mainstays.
Who knows? I do know that AUZ and CLQ seem to have greater market attraction (eg AUZ announcement of today). What I do know though about him is that he is part of the gang that:
1. gave Munni Munni away,
2. failed to advance SK and
3. I strongly suspect given some of the announcements exMosig to CN appt, played a strong role in the earlier BOD decision to advance Sc and ignore any market potential of Co and NI. All to the detriment of us shareholders.
Accoringly, I intend to exercise my 1,033,000 votes through a proxy. But to who? I can't get to the agm.
Is there any certainty that the Chairman will vote tham as I direct?
