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19.5¢ piedmont lithium inc.

PLL General Discussion, page-2048

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banksy808

4,124 Posts.

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10/01/24

09:40

Post #: 71804847
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Originally posted by WhatsTheTip: ↑

Accepted that you didn't use the words veto and its incredibly unlikely to be documented that way even if that is the effect. Are we discussing linguistic semantics? Its fairly easy to get the situation on resolutions / special resolution thresholds whereby a shareholder with a large minority holding becomes the swing voter. If they vote for the resolution it can pass. If they vote against the resolution it doesn't. That was what I was meaning by Veto.

This happens all the time in takeovers with where a shareholder has 10% (or a group of shareholders have 10%). A hostile takeover will not succeed in getting to 90% and compulsory acquisition if there is a shareholder holding 10%. That shareholder effectively has a veto vote against the takeover. They don't have control over day to day decisions or anything that is a 50% threshold vote. They can determine some things that won't happen if there is a high vote threshold. Gina's shown many shareholders recently the power a 10-20% shareholdings can have if you don't want a takeover to succeed.

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KP has been a master at enabling Piedmont to put its ‘business’ foot on exciting hard rock assets

Master stroke for PLL

PLL Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.5¢		Change -0.005(2.50%)		Mkt cap ! $82.68M

Open	High	Low	Value	Volume
20.0¢	20.0¢	19.3¢	$420.3K	2.142M

Buyers (Bids)

No.	Vol.	Price($)
17	348768	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	21000	3

View Market Depth

No.	Vol.	Price($)
17	348768	0.190
18	530336	0.185
51	1675501	0.180
21	966169	0.175
16	926739	0.170

Price($)	Vol.	No.
0.200	21000	3
0.205	65056	3
0.210	311466	5
0.215	565147	10
0.220	270686	8

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 19.5¢			Change -0.005 ( 2.99 %)
Open	High		Low	Volume
20.0¢	20.0¢		19.5¢	725881
Last updated 15.57pm 13/05/2024 ?

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