Hi Masanga It was a pretty stock standard AGM. A poll was conducted on items relating to the employee share scheme and as the results suggest this was lost. Chairman and MD spoke about a number of deals that are being negotiated with entities "large and small" but obviously couldn't add any detail. They reiterated that they are conscious of the need to minimise dilution via cash raisings and that j/v's, farm outs etc were the preferred way forward. The plan is to get the company into a much healthier position so that they can then drill their highest priority targets (Credo well). The message for shareholders at the end of the meeting is that "we are working very hard to increase value for shareholders...watch this space"
TNR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)