If management are confident of their work /progress and have nothing to prove/hide why wouldn't they just agree to the aggravated shareholders resolutions and call the meeting? It would be a great way to see if the remaining shareholders support their views on current management....
If you're doing a good job you tend to get more than 50% of vote....
It will be interesting to see what this group come back with regards to why they want management gone? I can think of a few though:
- Justin is CEO of this and Troilus gold
- Paul is chairman of AGR & Troilus gold
- Current management pay themselves far above market rate compared to other ASX explorers.
Again, my concern remains - how much time do they actually spend on AGR vs. their other interests.
But whether this is a good idea or not, who knows... you'd want to see the bios on the other directors.
- Forums
- ASX - By Stock
- Ann: Letter to Shareholders
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