AUR 0.00% 0.7¢ auris minerals limited

BB asserts: Their potential appointments will drag Auris back to...

  1. 11,557 Posts.
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    BB asserts: ​

    Their potential appointments will drag Auris back to being an exploration company managed by financial advisors.
    I have checked the details, essentially from the Annual Reports, and this assertion is arrant nonsense - as foreshadowed.

    2011

    Miles Kennedy - lawyer with 27 years of directorship on resource stocks - diamond companies, Sandfire, Macraes, MOD, Lohnro etc etc

    John Hutton - successful prospector, like his dad Graeme - Brumby Resources, Sandfire etc

    Tom Mann - stock broker, global trader - Medical Australia

    2012

    Same 3 plus Albert Thamm - 24 years experience in exploration and mining projects as a geologist etc, now a director of LOM where he is also the CP (Competent Person). He was the CP at RNI for a while until Peter Langworthy took over, and with AT's approval and blessing I believe.

    2013

    Same 4

    2014

    Same 4 again

    2015

    Both John H and Tom M resigned during that AR year. That left Miles K and Albert T, plus......

    Royce McAuslane replaced JH but resigned after 7 months. He was replaced by Nanette Anderson.

    Royce was appointed manager too after working for the company as development manager for about a year (gold mining at Fortnum was on the co's agenda at the time). He was a metallurgist with 17 years experience. He had worked with Newcrest, Barrick and Newmont amongst others.

    Nanette had worked in the resource sector for 17 years. She had a background in geology, exploration and development and had been MD of Southern Gold for a period.

    2016

    Albert T resigned nov 2015. He was replaced by Simon Heggen of MLX where he continues to be a director. He has degrees in law and economics and at the time of his appointment he had had 30 years experience in the resource sector. Miles K and Nanette A continued as Directors.

    How are we going so far Bronwyn? Spot any financial advisor? I certainly cannot!

    2017

    Debbie Fullarton, a chartered accountant, who had been with RNI since early 2012, was appointed MD on 1/9/16, relacing Miles K on the Board. The 2 Ds were then Debbie F, Simon H and Nanette A. Robert Martin came on as a Director (big shareholder) on 2/11/16. His credentials were in mining and exploration. He was, and still is, a D of Bulletin Resources, was involved in the development of Halls Creek gold mine etc. He remains a director, and also a big shareholder.
    Simon H was replaced by Bronwyn Barnes on 25/11/16 and remains a D. Her corporate cv includes exec chair of Windward Resources.

    Nanette A resigned 2/2/17, so back to 3 Ds.

    Debbie F resigned 11/8/17 and left AUR's employment altogether (why?). She was replaced by Susan Vearncombe, a geologist with a directorship cv that included Straits and Silver Swan.

    So there we have it, and not one financial advisor. As I said Bronwyn, your statement is nonsense. I suspect that it's mischievous though, pandering to the ignorant and innocent out there reading you biased message. My brother fell for it; no doubt others have and will too. As a director, you have very serious duties. Here, you have in all probability breach your duty. Deceptive conduct?
 
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