There is a lot more going, with regard to the Jackson/Farquhar...

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howiepatr16

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01/12/22

12:07

Post #: 65095923
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Originally posted by Cungi: ↑

There were probably 20 people there, including 7-8 from Genex company/board and auditor.

A couple of Directors couldn't be there due to overseas travel commitments.

There was nothing discussed outside the printed Chairman and CEO notes provided to ASX, though there were a few random questions, not really of substance. There was a question around any possibility of further NAIF funding for other projects in the future, which was not ruled out.

It was noted there is a high degree of certainty about the first strike on the remuneration report, and in fact Craig the CFO was surprised as the total remuneration had decreased from the previous year (I didn't fact check that).

Ralph also indicated they couldn't have a hybrid physical and virtual AGM because shareholders previously voted to not change the constitution and only have physical meetings (apart from exceptional circumstances eg an unlikely pandemic), although I must admit I certainly don't recall that being put to a previous vote.

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There is a lot more going, with regard to the Jackson/Farquhar privatisation plot.

That is why Craven said what he said; to prevent salient questions being asked.

Minister King has been drawn into the thick of it; in large part because NAIF has not provided an opinion from the Solicitor-General.

Craven could and should have said a lot more but, I believe, used the geological issue and the AFR as smoke screens.

J and F might yet have to think around how they use their 19.99%.

GNX Price at posting: 16.8¢ Sentiment: Hold Disclosure: Held
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