Ann: Completion of despatch of Transaction Booklet, page-39

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howiepatr16

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26/06/24

22:10

Post #: 74500503
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Originally posted by jm3767: ↑

Recall thats its a SOA meeting, so for it to pass, one of the necessary conditions is more than 50% of the shareholders by number ( ie. 1 HIN = 1 vote) have to vote yes, or put the other way, if more than 50% of the shareholders vote NO, the SOA deal is dead.

lets take a look at the number of shareholders and their holding sizes are reported in the 2023 GNX Annual Report.
There are a large number of small (by value) holders who have under 100k shares.
Given that the voting turnout (by NUMBER of SHAREHOLDERS) is often not large, (yes the BIG shareholders will be there and voting ... but note each of their holdings counts as 1 vote on the headcount basis), round up a fair number of small holders and get each to vote NO, and the SOA matter could well be dead.

Many of the small/ retail holders are asolutely p.ssed of by the antics of this GNX board, as I am, and presumably you are also as we feel we are being shafted and screwed over now that the projects have effectively reached a de-risked stage.

The biggest task is to stir ALL the p.ssed off small / retail shareholders into LODGING A PROXY VOTE and make it NO.

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Very disturbing revelations coming tomorrow - just not good enough ASIC.

Patterns of behaviour by people throw up serious warning signs and concerns.

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Completion of despatch of Transaction Booklet, page-39

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Essential Energy conference: Streamlining approvals key to the green energy transition

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