The St Barbara situation was a classic example. The chairman was hell bent on doing the deal with RF/genesis (who you guys are never going to criticize because you want to gain favor/access) The deal was done long before it was announced. The board members were promised jobs and the guy pushing it all through is now the GM CEO. All to the massive detriment of shareholders.
Great comments by Rusty, I enjoyed the discussion around the s249D and the presence of Proxy Advisors. As far as I can tell the role of Proxy Advisors is a cottage industry of ticket clippers that add no real value to the market at all, they are simply clipping the ticket of shareholders who are too lazy or disengaged from their investment to make decisions themselves. The regulatory response should be that the default position of proxy advisors is to abstain, because if the shareholders are too lazy to form an opinion then their vote does not count. Proxy advisors should be made to disclose their position and their clients in real-time and be publically accountable for that. Other regulatory responses of a simple ban, more transparency by way of mandatory reporting or a non-regulatory solution of disrupting the business model of proxy advisors are alternatives worth considering.
Rusty summed up your guys work perfectly, Doing a great job guys, shine that light down all those shady mines 😄... And the guests.. I never leave here feeling dumberer.
Great stuff. this may sound crazy to some of you, but the Australian exchange market is probably one of the best. The market rules, takeover rules and panel etc, all top class in the world compared to other markets, including the US and Europe. (Some might say "least bad" is a better description than best i know). Canada for example is more shareholder unfriendly and the "Vulture Exchange" in Vancouver strongly favors mgmt and boards.. way worse than Oz
Brilliant guys, thank you.. a lot of questions answered in a world that retail investors feel like we are locked out side of companies we invest in, standing on the other side of the door, whilst the companies governance are dealings with our money. Makes me want to look at every clown sitting on boards and running companies. Bravo Bravo 😎👍 Rusty can take my cash defiantly !!
One of my favourite episodes. All your episodes are truly fucking awesome 👏 👍🔥Love the honesty mixed In with a bit of Aussie humour . It’s great to see how many views you guys are getting and your subscribers growing………Lots to take away from all your content. Keep up the great work! Much appreciated 😊BIG THANKS to Rusty too!
Aust. Shareholders association are behind you. Talk with Chris Mabb at the ASA for further support. Many retail shareholders have the same issues you have raised. Also listen to the most recent QAV podcast discussing the same issue in depth.
THANKS, LADS...GREAT DOWN-THE-LINE MATTER OF FACT INTERVIEW WITH RUSTY. IF OR WHEN I MAKE MY FIRST MILLION I WILL BE ON THE BLOWER/ HOPING MY USA /CANADA LITHIUM CORPS FIRE UP.... PS CAN YOU BOYS DO A BIT ON PARKWAY SOLUTIONS THEY ARE WORKING WITH SHELL PLUS HAVE CLEAN TECH TO CLEAN UP MINING BRINES /FRACKING..YOUR CALL
Good to see these concerns about lifestyle BOds aired in WA. Is that that state the epi-centre for dodgy small cap mining boards or is it across the nation?
love the Show guy's!.....It's great to hear the Views of Those who are close to the Game of Resources! Have a Request!....Can you do a Deep dive on a Company i've invested in?....would love to hear your Thoughts on BSE Base Resources which i invested in 3 years ago....Cheers!!
Good video boyz.. you got onto Ellison and I was hoping you would takle alignment with DLI shareholders. Many potential conflicts of interest. Fiduciary duty to maximise value to DLI shareholders. At the same time Fiduciary duty to MIN shareholders to takeover over at a discount. Given he is chairman of both companies he'll be sending an offer addressed to himself and board? Has this been done before 🧐?. DLI Chairman's vote etc 🗳 does he sit out. Who enacts shareholder chairman votes if he sits out. DLI own about 14% of their own shares. DLI governance a.focus.😊
Rusty really is a rock star. I particularly liked his comments on the erosion of free speech at the end. I have made the same observation and have been labeled a madman.
Excellent, and unfortunately way too poignant. Cannot wait to hear his thoughts on investing. I hope he is a local to the channel and we get to see hum regularly. ( Unless Margarets is pumping that day , of course...)
Rusty is a breath of fresh air, in the mining investment environment !!!. Love the interview guys, would like to invest in his fund
Enjoyed Rustys frankness and insights.
He's also on the money in relation to the slow erosion of free speech.
New highs fellas !
Get this fella back on, great to hear his views, want to hear more on his investment process. What people impress him in the industry, his picks etc
Best episode yet. Bring him back ASAP!
"I've got the most punchable photo" Had me in stitches haha. Love the mullet!
The St Barbara situation was a classic example. The chairman was hell bent on doing the deal with RF/genesis (who you guys are never going to criticize because you want to gain favor/access) The deal was done long before it was announced. The board members were promised jobs and the guy pushing it all through is now the GM CEO. All to the massive detriment of shareholders.
You'll find we were pretty vocal on that one - check our playlists "The Battle for Leonora"
Great comments by Rusty, I enjoyed the discussion around the s249D and the presence of Proxy Advisors. As far as I can tell the role of Proxy Advisors is a cottage industry of ticket clippers that add no real value to the market at all, they are simply clipping the ticket of shareholders who are too lazy or disengaged from their investment to make decisions themselves.
The regulatory response should be that the default position of proxy advisors is to abstain, because if the shareholders are too lazy to form an opinion then their vote does not count. Proxy advisors should be made to disclose their position and their clients in real-time and be publically accountable for that.
Other regulatory responses of a simple ban, more transparency by way of mandatory reporting or a non-regulatory solution of disrupting the business model of proxy advisors are alternatives worth considering.
another cracking episode for the real people! Keep up the great fight guys.
Excellent interview, much needed spotlight on the issues we investors deal with. GW MM
awesome.
Kudos to you guys in having the cred for a legend to open up
Rusty summed up your guys work perfectly, Doing a great job guys, shine that light down all those shady mines 😄... And the guests.. I never leave here feeling dumberer.
Great stuff. this may sound crazy to some of you, but the Australian exchange market is probably one of the best. The market rules, takeover rules and panel etc, all top class in the world compared to other markets, including the US and Europe. (Some might say "least bad" is a better description than best i know). Canada for example is more shareholder unfriendly and the "Vulture Exchange" in Vancouver strongly favors mgmt and boards.. way worse than Oz
Great session! Definitely would love to hear more from Rusty! Great returns!!
Brilliant guys, thank you.. a lot of questions answered in a world that retail investors feel like we are locked out side of companies we invest in, standing on the other side of the door, whilst the companies governance are dealings with our money. Makes me want to look at every clown sitting on boards and running companies. Bravo Bravo 😎👍 Rusty can take my cash defiantly !!
You did justice to RIP IT ... Lov you fellas..
Unreal lads, totally frothed on that episode, keep up the good work 🤘🏽
"Paying someone to have sex with your partner" - quote of the year
One of my favourite episodes. All your episodes are truly fucking awesome 👏 👍🔥Love the honesty mixed In with a bit of Aussie humour . It’s great to see how many views you guys are getting and your subscribers growing………Lots to take away from all your content. Keep up the great work! Much appreciated 😊BIG THANKS to Rusty too!
Brilliant interview. Rusty is indeed a ROCK STAR
Aust. Shareholders association are behind you. Talk with Chris Mabb at the ASA for further support. Many retail shareholders have the same issues you have raised. Also listen to the most recent QAV podcast discussing the same issue in depth.
WHAT a podcast guys, THANKYOU!
He’s bang on. Best interview I’ve ever watched. He could have my money. Try get Shaun Day on when he’s back from Beaver Creek.
Congrats on 5k, look forward to 50k
THANKS, LADS...GREAT DOWN-THE-LINE MATTER OF FACT INTERVIEW WITH RUSTY. IF OR WHEN I MAKE MY FIRST MILLION I WILL BE ON THE BLOWER/ HOPING MY USA /CANADA LITHIUM CORPS FIRE UP.... PS CAN YOU BOYS DO A BIT ON PARKWAY SOLUTIONS THEY ARE WORKING WITH SHELL PLUS HAVE CLEAN TECH TO CLEAN UP MINING BRINES /FRACKING..YOUR CALL
Excellent interview definitely following up this lead.
Good to see these concerns about lifestyle BOds aired in WA. Is that that state the epi-centre for dodgy small cap mining boards or is it across the nation?
Awesome, great content! Send it boys.
love the Show guy's!.....It's great to hear the Views of Those who are close to the Game of Resources!
Have a Request!....Can you do a Deep dive on a Company i've invested in?....would love to hear your Thoughts on BSE Base Resources which i invested in 3 years ago....Cheers!!
Good video boyz.. you got onto Ellison and I was hoping you would takle alignment with DLI shareholders. Many potential conflicts of interest. Fiduciary duty to maximise value to DLI shareholders. At the same time Fiduciary duty to MIN shareholders to takeover over at a discount. Given he is chairman of both companies he'll be sending an offer addressed to himself and board? Has this been done before 🧐?. DLI Chairman's vote etc 🗳 does he sit out. Who enacts shareholder chairman votes if he sits out. DLI own about 14% of their own shares. DLI governance a.focus.😊
In regards to the number of small miners.
Has lithium taken over gold as the most common small cap miner?
Great interview
please ask him what he has in mind for CVN Carnarvon
Only votes that are lodged should be counted
There's no sound lads
G'day mate - we can hear sound playing it on our end. Are you sure?
Yes.I listen to your show every day.
I can't hear a word... I'll reboot and see
Seems fine here.
Fixed by the reboot..it's a long way to the East Coast 😂
Fine on my end, check your mute button
THE OLD BROWNFIELD TO GREENFIELD TRANSITION....
Gotta watch those sach burns
Rusty really is a rock star. I particularly liked his comments on the erosion of free speech at the end. I have made the same observation and have been labeled a madman.
Avz exactly screwing shareholders
Excellent, and unfortunately way too poignant.
Cannot wait to hear his thoughts on investing.
I hope he is a local to the channel and we get to see hum regularly. ( Unless Margarets is pumping that day , of course...)