5% are needed to put a resolution on the agenda of AGM (21 days notice).
To deliver a strike against re-election of MR, we only need a few million votes to tip the balance to >25% AGAINST votes.
MR was close to the first strike in 2018 and 2019.
Same goes for the remuneration resolution.
Two strike rule is in action on ASX.
Google recent BOD changes on ASX caused by shareholder delivering 2 strikes.
This is becoming a increasingly successful tool to make BOD accountable for their actions and performances.
I will also send please explain letters to GXY regarding A40 due diligence process (lack thereof) and responsibilities and nepotism of NR employment.
These letters will be in the context of GXY's own company policy (read them!) and ASX continous disclosure rules.
The art of war suggests that one plans for several alternative outcomes.
One of them is to consider who is to replace MR and if AT is the best suited successor.
I am still undecided on this topic. But looking back at how voting turned out at previous AGMs, I have the feeling that BOD is expecting that MRs days are coming to an end and that AT was planted as a successor after his recent demotion.