Many thanks for the information and insight, much appreciated! I would visit Moama if I could, but I'd rather put the money towards buying more shares before the grand meeting
Based on your information and my research combined, I have come up with a calculation of (rough) numbers for the meeting. Bear in mind that last time, approx 1/3 of shareholders voted online before the actual meeting and 99.99% of these votes were in support of the resolutions.
And also, this calculation only accounts for 672,538,386 shares out of 976,859,728 = 68.85% of total shares (55.18% if new shares issued).
Based on the preliminary results of the previous voting, it is logical to assume that the remaining 31.15% of shares will likely vote in favour of the resolutions at the upcoming meeting.
Green: safe to count as supporters of resolutions
Orange (up or down): likely to vote in shown direction
Red: against resolutions
*Note: if additional 241,964,932 shares are issued, this will account for 19.85% of the new SOI. Worst case scenario is that all of these new shares vote against the resolutions; this would result in 19.85% + 15.94% against = 35.79%.
Supporters would be diluted to 31.90% + 5.93% = 37.83%.
This leaves 26.38% unaccounted for: as stated above, it would be logical to assume that the majority (over 50%) vote in favour of the resolutions.
But the big question is: would Vaz be able to find enough evil people to stump up $725,895 in its entirety? Or will he have to open up the offer to friendlies as well to fill the pot?
- Forums
- ASX - By Stock
- Ann: Company Update
Many thanks for the information and insight, much appreciated! I...
-
- There are more pages in this discussion • 124 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $9.507M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $5.263K | 250.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19392 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 175608 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19392 | 0.021 |
3 | 974645 | 0.020 |
7 | 2644357 | 0.019 |
4 | 3406788 | 0.018 |
1 | 1000000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 175608 | 1 |
0.024 | 733334 | 4 |
0.025 | 1110091 | 2 |
0.027 | 153810 | 2 |
0.028 | 387857 | 1 |
Last trade - 14.24pm 31/10/2024 (20 minute delay) ? |
Featured News
EMP (ASX) Chart |