If we assume GR has 20% of votes, to stop her from preventing a takeover bid you would need 94% or above of remaining votes.
Calculation: need 75% votes, but only 80% of votes remaining after accounting for GR's 20%. Therefore, from the remaining votes, need 75/80 = approx. 94%
Achieving that level of voter turnout, and all voting against GR I feel is very unlikey. So, I agree, GR's 20% is effectively a blocking stake.
Need to keep in mind that TG and friends also have an effective blocking stake imo.
I still feel the problem is GR's to solve. I don't believe TG and the BoD are desperate to sell. The best way to create generational wealth maybe to continue to mine and grow the company organically.
G
If we assume GR has 20% of votes, to stop her from preventing a...
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Last
79.0¢ |
Change
-0.045(5.39%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 83.0¢ | 78.5¢ | $12.14M | 15.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 66493 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 86000 | 4 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |