HRZ 4.76% 4.4¢ horizon minerals limited

I agree with you coto the future is looking brighter and your...

  1. 4,366 Posts.
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    I agree with you coto the future is looking brighter and your points are well made about the next catalysts being contracts and production timing. However given those good points I think we should still give these directors the second strike but it will be much harder to do as shares on issue will be concentrated in fewer hands at the top 20. When the board examines the registry after merger they will know what power they hold or don't hold.

    Horizon shareholders that want to get rid of certain board member should hope militant Greenstone holders vote against the merger with their 125,000,000 votes, that would mean total votes on the merger need to be 500,000,000 and the FOR vote needs 375,000,000 of those to get 75 % of votes at poll.

    I don't think there will be 500,000,000 votes cast more like 300,000,000 in total. So looks to me on those figures the merger is off.

    All the Greenstone directors need to do to get the merger passed is to cancel the 33,250,000 unvested performance rights relating to the unpublished Mt Thirsty scoping study that they have stated they will vest and exercise before the merger vote. In other words those directors need to get their noses out of the feeding trough.

    Have a look at Greenstone chairmans history with performance rights 73505658

 
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