Hi Denver,Firstly don't rely on anonymous poster on HC for...

Hi Denver,

Firstly don't rely on anonymous poster on HC for information.

One has to do there own research first.

So lets get this right first and if you have read the announcement, it states A.G.M.

No where does it state E.G.M.
A Extraordinary General Meeting, may be required, 1 day.

If in case investors do not know, the difference, then some more research is required.


So the company as ask shares holders that we need to vote, at the up and coming AGM, not EGM.


In relation too, resolution 3, regarding about this capacity, then it is a standard practice for most ASX listed company's in the Speccie space.

If you take a look at last year 2023 AGM resolution, the same thing is stated.



Know if you take a look at this year resolution notice 2024.
The same thing is stated.



So this requirement stating share holders to either Vote for Yes or Vote for No.

It clearly states, that the company requires majority of 75%, to pass the resolution.

So the way I see it, if investors are a bit pissed of because the company as ask, 10% then additional 15%, as a Insurance policy, for a rainy day.
Then investors should either vote No or alternatively, then we need to see IDA share price, at 47 cents to reach a M.C. of 298 Million.

So in the future, if we do not reach a MC of 298 Million, this resolution will help the company, if 1 day a Take Over Offer comes on our door, or if we decide to do further drilling and advance all of our assets into Scoping Study, B.F.S. or a D.F.S.

What I would add, that I have No relationship with any one on the board or it employee's and am also a mush room, who from time to time don't mind doing some research.

IMHO.

Regards

Rossi70