Failure to get FIRB approval, or Failure to get requisite numbers at the Scheme Meeting " For the Scheme Proposal to proceed the resolution at the Scheme Meeting must be approved by at least 75% of all votes cast by Azure shareholders and a majority by number of all Azure shareholders present and voting (in person or by proxy) at the Scheme Meeting. The Joint Bidders, holding in aggregate ~37.8% of Azure, are excluded from voting on the resolution at the Scheme Meeting"
Mineral Resources (in combination with Retail Holders) are the make or break on the scheme.
AZS Price at posting:
$3.67 Sentiment: None Disclosure: Held