5 question lodged at 2025 Tigers Realm Coal virtual AGM

Q1. The last audited results we released was back in August 2024 where the accounts showed accumulated losses of $175.2m and net assets of $65.2m. The signing partner from Hall Chadwick was Stewart Thompson. Is Stewart still our official auditor and are we still paying Hall Chadwick to do any audit functions, even though we haven't released any full year accounts? Is anyone from any audit firm available to answer questions today?

Answer: The chair Craig Wiggill said the relationship with Hall Chadwick remains strong but as there are no accounts to audit, Stewart wasn't attending the virtual AGM. Watch video of exchange via Twitter.

Q2. Why haven't you put up a resolution so that shareholders can vote on the remuneration policies of the company? Seeing as we haven't produced an annual report, what are the remuneration policies? Who is still getting paid and how much are we paying them?

Answer: The chair Craig Wiggill and company secretary John Forsyth shared the response. It seems most of the pay arrangements detailed previously remain in place but they're not allowed to communicate with the Russian management team, which makes producing reports very difficult. Watch video of exchange via Twitter. I asked a similar written question through the pre-AGM online service offered by Link/MUFG, which they faithfully read out. Listen to how that exchange unfolded as well.

Q3. What is the relationship between majority shareholder Bruce Gray and Craig Wiggill, the only director up for election today? Also, what would Craig do differently on our board if he had his time again?

Answer: The chair Craig Wiggill explained that he didn't know Bruce Gray before they served on the board together commencing in 2015 and he wishes Bruce all the best dealing with the health issues which forced his resignation from the board last year. If he had his time again, Craig would have appealed Justice Kennett's extreme interpretation on the Russian sanctions to the High Court, as that has crippled the company ever since. Watch video of exchange via Twitter.

Q4. Last year we held a hybrid AGM and the chairman's address was lodged with the ASX 45 minutes before it commenced. This year we are running a delayed virtual AGM and no formal address was lodged with the ASX before it started. Why the change of practice and will you publish a full copy of the AGM webcast on your website for the benefit of shareholders who were unable to watch live today?

Answer: The chair and co sec explained that the ASX processes announcements from suspended companies more slowly, which is interesting to know. This chair address finally landed at 3.44pm, 12 minutes after the 3pm meeting had finished. They promised to publish a full copy of the AGM webcast, winning more credits in my book. Watch video of exchange via Twitter.

Q5. Who are the other major Australian companies caught up in Russian sanction issues comparable to what we have been suffering through? Is there any strength in collective lobbying with these other Australian parties? Also, is there any prospect of a settlement involving frozen Russian assets in Australia, such as the 25% stake in the Gladstone bauxite refinery, being unlocked at some point or could our shareholders be compensated by any asset realisation of frozen Russian assets, such as that Gladstone refinery stake?

Answer: The chair Craig Wiggill said there were no other Australian mining investors caught up in the Russian sanctions but they were dealing with comparable European companies to try and better understand the situation. Watch video of exchange via Twitter, plus these additional comments by chair Craig Wiggill when he accused DFAT of treating the company "as the enemy". DFAT has told them nothing about the Rio Tinto bauxite situation, keeping them totally in the dark. Poor form, DFAT!

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