Australia's largest stock trading and investment forum Australia's #1 stock forum

MGU

0.00%

1.2¢ magnum mining and exploration limited

Section 249D we need to exit this board, page-53

First 53 Last

Share
Profile

Follow
craigasx123

996 Posts.

336

07/02/24

07:55

Post #: 72274654
Share

Originally posted by ThePig: ↑

First of all, pursuant to Section 249(D)(1) the Director's of the Company must call and arrange to hold a General Meeting on the request of members with at least 5% of the votes that may be cast at the General Meeting.

Section 249(D)(2) The request must be in writing; and state any resolutions to be raised at the meeting and be signed by the members making the request and be given to the Company.

So the most important thing to do is to have a plan in place if and/or when the 5% is reached. If for example the group want to replace one Board member the group will have a replacement member they want to inject on to the Board.

There are occasions when negotiations occur prior to the meeting and things are sorted out without the meeting going ahead. I'd suggest that this would be more likely to occur if we're only attempting to replace one Director rather than spill the entire Board.

We really require one or two of the Top 20 holders to be on board to add weight to the application.

Expand

I can't even manage to find the most up to date top 20 share holders list. if you can please share on here

MGU Price at posting: 1.6¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 1 more message in this thread...

First 53 Last

Add MGU (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $9.712M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$2.978K	248.1K

Buyers (Bids)

No.	Vol.	Price($)
1	250000	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	464814	2

View Market Depth

No.	Vol.	Price($)
1	250000	0.012
7	2671414	0.011
6	931478	0.010
7	1903311	0.009
5	921300	0.008

Price($)	Vol.	No.
0.013	464814	2
0.014	867658	3
0.015	1141323	4
0.016	67241	1
0.017	205000	1

Last trade - 14.22pm 27/09/2024 (20 minute delay)

MGU (ASX) Chart

Section 249D we need to exit this board, page-53

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Section 249D we need to exit this board, page-53

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News