by Rebecca Urban, in the Business pages:==== START QUOTE ====Do...

by Rebecca Urban, in the Business pages:

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Do as I say, proportionally

IT'S a case of "Do unto others what you would rather not have done to you" for the chaps running GoldLink IncomePlus.

The investment firm has lobbed a proportional takeover bid for 10 per cent of the shares of minerals explorer Indago Resources, whose board doesn't appear too thrilled by the idea.

However, god forbid the same should happen to GoldLink. Its board has scheduled a meeting for August, when shareholders will be asked to approve an amendment to the company's constitution to protect it against -- guess what? -- a proportional takeover bid.

It seems GoldLink wants to ensure that investors continue to have the right to vote in the event it becomes a target.

"Without the provisions, a proportional takeover bid for the company might enable a bidder to obtain control of the company without shareholders having the opportunity to ... dispose of their shares for an adequate control premium," GoldLink pointed out in its notice of meeting.

And we can't have that, can we?

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