Whoever was buying earlier this week has turned off the tap....

Whoever was buying earlier this week has turned off the tap. What's up Doc!!

My brother rang me yesterday, being one of many rels and friends I had recommended RNI to a couple of years ago when the SP was much higher. He still talks to me!

He had read the guff from Bronwyn B and was, as a result, anti the new bods - Brian Thomas and Neville Bassett. This is what he, like all of us, read:

Mr Bassett appears to have no technical background and likewise I am unclear as the skills and experience Mr Thomas brings to the Board as we have not been informed of his background in delivering value to shareholders.  Their potential appointments will drag Auris back to being an exploration company managed by financial advisors.  You are being asked to swap two experienced Directors with extensive exploration, development and corporate experience and replace them with Directors that do not appear to have the appropriate background for the future development of Auris.  It is also my view that it is highly questionable as to whether either Mr Bassett or Mr Thomas would be an independent Director.

I quickly told him that their credentials to run a company looked ok to me. BB would know about them too, but acted as if she didn't know much about them. I related this info to him:

https://hotcopper.com.au/threads/an...4038835/page-25?post_id=31310170#.WrMOAExuJPY

https://hotcopper.com.au/threads/an...4038835/page-28?post_id=31321549#.WrMOakxuJPY

He then changed his mind about them.

This is Gary Castledine's (one of the protagonists) info.

https://hotcopper.com.au/threads/an...4038835/page-26?post_id=31310452#.WrMO2ExuJPY.

This is about Peter Newton (brief as it is)

https://www.westgold.com.au/corporate-information/board-of-directors/

Both Gary and Peter are large shareholders of AUR, and have been for some time. Obviously they have more faith in their nominees than Bronwyn B and Susan V.

BB's argument points are pretty tame and weak imo.