Ann: KV production milestones continue - 2024 Diggers and Dealers, page-46

@chaddy36

Thought sure I tagged you - sorry, guess not.


"If someone was to offer say $2.50 ( for example) a share and management wanted to accept, what happens to Gina."

I very much doubt she'd be off to the Philippines for a face lift.

If you mean, What would she do or be able to do?, then that's easy.

Just because "management" wanted something doesn't mean it will happen.
Do NOT forget, if you hold shares in the company, you are an owner and ultimately have a say in any decisions re the company.

Sure, management carries weight and could even rule the day, but a hostile takeover can only happen by acquiring at least 90 percent of the company.

Tim with 14% could block any takeover and so could Gina with 18% or whatever the exact figure is now.

Anyone or concerted group ie the HA&PC Club, with at least 10.1 percent holdings, could block a hostile takeover.

My concern is that there are heaps of ill-informed holders that might easily succumb to FUD and therefore would be easy prey and fall for anything above today's price.






I rooly hope it does not come to the great herd of unwashed making decisions for the LTH's.