ASQ 0.00% 2.4¢ australian silica quartz group ltd

$47m cash, $7m assets - $26m mc, page-8

  1. 426 Posts.
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    My understanding is that 5% gets it to a vote at a EGM/AGM then a majority vote for to pass it.

    I share your frustration but cash back to shareholders will never fly, this is the sort of action for a company that is cash flow positive or has sold out major assets, the funds should be used to develop the company's resources and improve share value (which hasn't happened). I was at the last AGM and I am not happy with the past years performance.

    Newbie Thomas
 
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