RTG

0.00%

3.5¢ rtg mining inc.

Thanks, Blackskinpla, thats exactly why BCL was rejected. They...

First 9 Last

Share
Profile

Follow
Danehill

717 Posts.

22

31/01/18

12:48

Post #: 30696208
Share

Originally posted by blackskinpla ↑

@vontrader

As I had posted before, ABG and the landowners are “token shareholders” of BCL. They do not have the ability to decide or trade on the shares they supposedly own

Someone else votes for those shares in Stockholders meetings. I can’t say who actually voted Mel Togolo as Chair of BCL. Its definitely not ABG. Same thing with the landowners 17% shareholdings. Nobody in ABG knows who exercises the proxies for those shares.

Such disconnect is exactly why ABG treats BCL as totally disassociated from itself. Thats why ABG can reject a company it supposedly owns, and why a company it supposedly owns files a case against ABG.

ABG can’t wind BCL up because they control nothing. The alleged transfer of shares of BCL is a sham, as far as ABG is concerned. Whats the benefit of alleged ownership if you can’t even control/vote your own shares?

If ABG had any say in how their shares were voted, they would have put VP Masono or Minister Wilson or anyone from the BEC to represent ABG on the Board. And the landowners would have voted one of their one on the Board, as mandated in the ABG Mining Act. BCL did nominate a landowner to a seat last time around. But that did not materialise.

This lack of control and transparency is exactly the type of deal that the ABG does not want.

Andesite, I believe that there are announced changes in the alleged stock ownership. I will try to trace the pronouncements on such

Expand

Thanks, Blackskinpla, thats exactly why BCL was rejected. They think they are still colonial masters.

I'm sure any Central Me'ekamui JV proposal would approach this situation in a much more 'modern' & transparent way with Bougainville & Landowner board representation mandatory as well as much broader local consultation, involvement & 'real' share/company ownership.

I think the ABG may need some serious experienced legal advice.

Come to think of it, the Central Me'ekamui JV consortium have access to some very smart legal minds ......

Last edited by Danehill: 31/01/18

RTG Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 29 more messages in this thread...

First 9 Last

Add RTG (ASX) to my watchlist

(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $46.65M

Open	High	Low	Value	Volume
3.2¢	3.5¢	3.2¢	$2.949K	90.55K

Buyers (Bids)

No.	Vol.	Price($)
1	16446	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	191125	1

View Market Depth

No.	Vol.	Price($)
2	147828	0.038
3	400000	0.036
2	100000	0.034
1	500000	0.025
1	2500000	0.020

Price($)	Vol.	No.
0.040	66897	1
0.042	500000	2
0.044	700000	2
0.050	1010000	3
0.055	208000	1

Last trade - 16.10pm 25/11/2024 (20 minute delay)

RTG (ASX) Chart

Thanks, Blackskinpla, thats exactly why BCL was rejected. They...

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Tambourah chases gold veins and mineralisation extension with drilling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks, Blackskinpla, thats exactly why BCL was rejected. They...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Tambourah chases gold veins and mineralisation extension with drilling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News