The vote starts with a 26% of shares issued approval of sale. i.,e from the 1,194,812,707 shares on issue ~310,651,300 shares have given their intention that they will vote yes.
Therefore, the no votes needs a minimum of 310,651,300 NO votes to make it 50:50 split....
Top 20 hold 654M shares so not all top 20% holders will be in agreement yet to sell these assets.
Suspect Holders 6 & 7 supporting deal as these are shares they got for vending in PNG assets.
Holder 12/18 is former Chairman who is probably in favour of selling.
Current Chair holds ~10M and will be in favour....
Dr Fu is the unknown - whether he has committed to voting yes or no. if he hasn't committed he will play a significant role in the outcome of this vote.
LCL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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