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15:44
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Originally posted by healyn
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No mention of Lockyer here from the chairman's address to shareholder at the 2015 AGM when addressing the consolidation plan.After taking external advice, it is my, and the collective Board's recommendation that a 100:1 share consolidation be supported by all Empire shareholders. As outlined in material previously provided, the proposed share consolidation will benefit all shareholders by reducing the bid-ask spread, reducing share price volatility and thereby increasing Empire's appeal to a wider range of investors. The near future promises to be exciting on the exploration front. Plans are currently being made to drill two Lockyer Deep is located on trend We also recognise the need to maintain a strong financial position and will be repaying the ERM debt in full as well as attracting farm-in partner(s) to help fund our exploration programme. It is an exciting time forEmpire and we are committed to creating value for all shareholders, despite the difficult market conditions. We have made great progress this past financial year. Operational and engineering excellence, financial discipline and cost management have placed us in a strong position for the coming 12 months. Successfully executing our production and exploration strategy with prudent financial management has helped us attract broader interest from the broker and investment community. We are actively engaging with the capital markets and are regaining their confidence with four leading broking houses now providing research on Empire.
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healyn After taking external advice, it is my, and the collective Board's recommendation that a 100:1 share consolidation be supported by all Empire shareholders. As outlined in material previously provided, the proposed share consolidation will benefit all shareholders by reducing the bid-ask spread, reducing share price volatility and thereby increasing Empire's appeal to a wider range of investors. Most of the SH wanted the consolidation only you and a few other did not it.
