Slampoil,
Interesting scenario but, in my opinion, it does not go far enough.
The current Directors need to vote, before the AGM, to limit the number of Directors to Five. As far as I can find out this would not need Shareholder approval but I may be mistaken.
All Directors resign with effect at the completion of the AGM.
Five "friendly" persons are appointed as Directors with effect from the completion of the AGM. Again no Shareholder approval appears to be required.
The EGM becomes a nullity as the named Directors are no longer "in post" and there are no vacancies for ERM's nominations.
The Five new Directors resign a few days after the AGM having appoint the current (ie "old") Directors to fill the resulting the casual vacancies.
The resulting Board will not have to face re-election until the 2014 AGM forcing ERM to start all over again.
If all Directors resign at the AGM without appointing at least three replacements EGO will not meet the Listing requirements and it would have to be suspended from the ASX.
I suspect that there are lot more twists and turns to come.
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