GWR 1.16% 8.7¢ gwr group limited

is this egm still needed, page-10

  1. 1,464 Posts.
    I think it will be a cliff hanger.

    PMM will vote its suggestion
    FAS will vote its suggestion

    FAS directors and GWR directors will vote FAS way

    "Other" shareholders most affected by the result- most won't vote, thats in FAS interest.

    Hotcopper posters who think of their bank balances had better vote and unless they want an immediate reduction in their share price value, they had better vote against the cap raising and tenement purchase- they don't help GWR at this point.

    Cleary for a degree of openness and good corporate governance we want a non FAS aligned rep on the board, that has (at this election) to be Mehan or Piercy. I suggest Mehan represents PMM and they are justified in wanting board representation.

    I fear that either FAS will win, PMM will run second and the majority will suffer. The only option we have is to split the vote. Then the share price rises, why would we want another scenario? If FAS wins the next result is a reduction in price of GWR to about 7:1, we've seen that before, that doesn't suit GWR shareholders nor FAS shareholders as FAS price does not rise GWR falls.
 
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