shareholder power

While not specifically related to Lynas, here is an example of what concerted action by shareholders CAN achieve, especially with a major holder on-side: (thanks Mark S):

http://www.smh.com.au/business/redflex-shareholders-give-red-light-to-305m-bid-20110508-1ee9v.html

This should act as encouragement for renewed momentum, in the effort to get the Crown deal scrapped. Whatever the reason for the FRG trading halt, it is likely to be another move in the chess game by Curtis and Wang, as they are acutely aware of the LYC shareholders' resistance to the deal, and they can almost smell the money...

Given that the FRG trading halt said "pending transaction update relating to the purchase of the Swan and Crown deposits", and yet no trading halt has been called for LYC, then this can only be a strategy maneouvre by FRG.

Keep the wheels turning, troops ;)

Still waiting to hear anything from ASIC about getting LYC to notify ALL shareholders directly - by mail - that the EGM has been postponed and that technically, all votes already cast or proxies allocated should be null and void, as they were cast without sufficient information as demanded by ASIC. So far, Lynas has NOT notified shareholders by mail, nor has ASIC responded to multiple enquiries by Shareholder Action Group members about this.

As mentioned in another post - having a very busy work morning here, so I'm only keeping an occasional eye on things, so please excuse any delayed replies etc.