Ann: Notice of Extraordinary General Meeting/Proxy Form, page-15

First 15 Last

Share
Profile

Follow
Davisite

19,154 Posts.

6085

13/03/24

09:09

Post #: 72859140
Share

Originally posted by JimmyAnderson ↑

I am disappointed that the board is directing shareholders to vote in favour of removing Mr Ward as a director yet has given no reasons as to why we should vote in favour. I note the following paragraph has been included in the notice:

"This Explanatory Memorandum should be read in conjunction with and forms part of the
accompanying Notice. The purpose of this Explanatory Memorandum is to provide
information to Shareholders in deciding whether or not to pass the Resolutions in the Notice."

How are we supposed to know whether it is in our interests to have Mr Ward removed or not if we don't why they want him removed? There could be a perfectly good reason; or they could have a dubious reason.

Maybe all will be revealed at the meeting but I suspect that like me it will not be possible for most shareholders to attend and most will be voting in advance.

I would have thought removing a director is a serious matter the full reasons for which should be disclosed to shareholders. I'll be voting against.

Expand

There has obviously been a falling out between the directors. In an ideal world Mr Ward would have stepped down without fuss, but for what ever reason he has chosen not to. If he doesn't want to tell us why he should remain then as shareholders we really have no choice but to support the rest of the board.

IDA Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 2 more messages in this thread...

First 15 Last

Add IDA (ASX) to my watchlist

(20min delay)
Last 9.2¢		Change 0.000(0.00%)		Mkt cap ! $58.36M

Open	High	Low	Value	Volume
9.0¢	9.4¢	8.9¢	$206.5K	2.273M

Buyers (Bids)

No.	Vol.	Price($)
1	80364	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	208865	2

View Market Depth

No.	Vol.	Price($)
1	80364	0.090
2	502539	0.089
2	200000	0.088
1	300000	0.085
1	20000	0.083

Price($)	Vol.	No.
0.092	208865	2
0.094	106216	1
0.095	255514	4
0.096	2000000	1
0.097	115000	2

Last trade - 16.10pm 26/08/2024 (20 minute delay)

IDA (ASX) Chart

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-15

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-15

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News