Agree TSS. The relevant bit of the Corp's Act is s. 12(2)(b) and it says you are associated when you do or propose to enter into an arrangement to influence the composition of the board. That only happened when the letter was sent, and Clark et al's lawyer stated in the disclosure fax that they had become associated by virtue of deciding on this course of action. RRL has noted they all bought shares at the same time last year but unless they were dumb (emailing "Hey let's buy now and mount a board spill in a few months") it will be impossible to prove that they weren't all just mates clubbing together. And I don't think they are dumb.
Aside from that, incorrect disclosure will not prevent the meeting going ahead, so it's shareholder democracy at work. And if anyone thinks Clark et al haven't already done their work on Newmont and the hedge funds at the top of the register, you have another think coming.
Agree TSS. The relevant bit of the Corp's Act is s. 12(2)(b) and...
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Last
$2.00 |
Change
-0.030(1.48%) |
Mkt cap ! $1.510B | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.05 | $2.00 | $6.243M | 3.102M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 59921 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 80765 | 4 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| RRL (ASX) Chart |