I tend to agree with other posters that this is likely more a...

I tend to agree with other posters that this is likely more a protest movement, rather than someone trying to effect a change of control at the board level...BUT

People underestimate how disgruntled holders would have to be for TWO YEARS to manage to generate 2 strikes at the AGM's, AND have 70.4% people then vote to spill the board...that's a pretty serious message.

Let's look at perhaps why:
30/11/2021 - share price 1.8c - all resolutions passed
23/11/2022 - share price 1.4c - first strike 51%, 33% vote against Deloub
29/11/2023 - share price 1.4c - second strike 34%, 70.4% vote for board spill, 21% vote against Stephenson (who doesn't really do anything...)

It's a damning report card over an extended period, and a few late Canada drilling announcements probably wasn't enough to sway votes in the positive direction after all this time. Dan mention how tight the T10 is, and the company will likely hit the phones pre-spill meeting...so maybe we will see some more shareholder engagement from management - who knows

I'm going back to daydreaming about owning HZN shares instead over the last 2+ years, because nothing is happening here other than a bit of spicy corporate drama

"HZN Chairman’s Address – Mike Harding 22/11/2023
Ladies and Gentlemen,
2023 was again an excellent year for Horizon. We achieved a very strong financial result which has allowed us to continue to provide strong returns for shareholders. The final 2023 dividend of AUD 2 cents per share, together with the interim dividend combine to total AUD 3.5 cents per share in distributions for the year – an annual return to shareholders of approximately AUD 56 million dollars. Combined with previous distributions over the past 3 years, this has totalled a total return to shareholders of approximately AUD 150 million dollars."