Probably some unhappy big whales that voted anything down...

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richardlow

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31/05/22

15:33

Post #: 61731280
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Originally posted by littleblackduck: ↑

Someone group holding up to 20M shares probably never read the meeting explanatory memorandum as I can't see how people would want to object to allowing the company to change its constitution so that it can hold meetings using modern day technology like (Teams, zoom or WebX) versus the traditional we shall meet at this location for a AGM which they can't do at the moment based on the companies constitution.

Resolution 4 – Amendment to Constitution A company may modify or repeal its Constitution or a provision of its Constitution by special resolution of Shareholders. Resolution 4 is a special resolution which will enable the Company to amend its existing Constitution (Amended Constitution) to insert an additional clause 6A, which permits the use of technology at general meetings, including wholly virtual meetings, to the extent permitted under the Corporations Act, Listing Rules and applicable law ....

I can understand the renumberation report but I believe having someone like Ross Ashton on board is very important for LCL. He has done billion dollar deals in the past, is a major shareholder of the company and spun in the Andes assets which LCL have not even had the opportunity to kick the fground on yet as they were whet with appetite with what they saw going on at MNC old ground...

Company certainly will have got a message from this metting and vote. Let the focus turn to discovering more Au ounces or Millions of pounds of Cu....

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Probably some unhappy big whales that voted anything down because of the sinking share price. Not to mention that most of the shareholders must be stuck at the moment, given that the striking difference was seen compared to the result 2 years ago when SP was only 4 cents.

LCL Price at posting: 6.5¢ Sentiment: None Disclosure: Held
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