MrGray, also of interest is this news article recently during...

MrGray, also of interest is this news article recently during the suspension.

...."Sundance Chief Executive Giulio Casello said the board is obliged to consider the views of all shareholders. At the same time it continued to believe in the long term value of its projects. A source familiar with the situation added that other hedge funds share this perspective and opposition could thus grow beyond 16%. Hedge funds are estimated to own around 25% of Sundance’s register although one suggestion was that this could be as high as 35%. Australian schemes require a minimum 75% approval in the number of shares voted and 50% approval by the number of shareholders voting at the meeting. In general a 15% stake is widely considered to be close to an effective blocking stake given 100% of shares is never voted"....