you need 5% of shareholders signed on a piece of paper to be...

you need 5% of shareholders signed on a piece of paper to be able to put a motion at an EGM.

But you also got to remember 30% of the shares are held by SRK. Add a few % held by management and you have no chance to win any vote by majority.

$QUE owns ~60% of $OEQ
$OEQ owns ~25% of $BEL
$BEL owns ~20% of $SRK
$SRK owns ~30% of $LEL
$LEL will own ~25% of Axon Graphite IPO.

they all sit on the board of them one way or another.

Geoff Wilson tried a few years back to topple the tree by buying into QUE, but Farooq Khan and family have got around 50% of the shares so there is nothing anything can do about this structure.