I see the Malaysians are still holding a total of over 30% of the share register. Judging by the results of the AGM meeting, it looks like they are voting with Directors. Closed to half of the shareholders are voting for nearly all the resolutions. Don't count on the Malaysians, Tan Sri Abu Sahib stable of companies are also running at a loss. I would think they would be happy to off load but not at the current price. Maybe & only IMHO there is something brewing at Phoenix Copper & Graham Ascough. Apart from that we will just have to sit & hope something happens soon. With the recent 10:1 consolidation there is a lot more room for the SP to fall further.
Ann: Avalon Minerals Completes AUD$1.95M Placement, page-26
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