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2.27%

4.3¢ horizon minerals limited

HRZ General Discussion, page-565

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Lowkeyinvestor

4,220 Posts.

1502

22/05/24

18:55

Post #: 73961414
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Originally posted by Lowkeyinvestor: ↑

Horizons share registry is the key to getting behind the "corporate veil".
I have posted parts of the corporations act concerning shareholder rights and I will do that again later tonight.
Power is in the registry and directors can change that power by issuing more share by placement to "friendlies" diluting the ability of long term shareholders to, for example to call an extraordinary general meeting. Have a look at Greenstone registry over the past 2 years, it has blown out 75% from 0.57B to over 1.3B. It is harder and more expensive to contact shareholders on the registry as the registry grows, and savvy directors or advisors know this and implement that strategy as a protection against voting against the renumeration report.

If the merger happens and it looks likely, Horizon get a number of pro board heavy weight in FMR Investments.

Coto the vote against the next renumeration report is still very possible and more likely with the new Greenstone shareholders on side as 25% plus 1 vote will defeat the report but planning is needed.

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The 5% refers to shares on issue, also most importantly the company needs 2 months notice of the request.

HRZ Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.3¢		Change -0.001(2.27%)		Mkt cap ! $49.21M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.3¢	$3.902K	88K

Buyers (Bids)

No.	Vol.	Price($)
1	1136	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	93884	1

View Market Depth

No.	Vol.	Price($)
1	1136	0.044
3	316047	0.042
2	47196	0.041
5	2543564	0.040
5	1038883	0.039

Price($)	Vol.	No.
0.045	93884	1
0.046	108134	1
0.047	220000	2
0.048	5143	1
0.049	450760	2

Last trade - 10.08am 06/09/2024 (20 minute delay)

HRZ (ASX) Chart