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2.78%

18.5¢ piedmont lithium inc.

KP has been a master at enabling Piedmont to put its ‘business’...

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banksy808

4,124 Posts.

362

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 18.5¢		Change 0.005(2.78%)		Mkt cap ! $71.68M

Open	High	Low	Value	Volume
18.5¢	18.5¢	18.5¢	$23.44K	126.7K

Buyers (Bids)

No.	Vol.	Price($)
16	793174	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	72673	3

View Market Depth

No.	Vol.	Price($)
16	864425	0.180
39	2358910	0.175
27	1462265	0.170
13	365020	0.165
20	495984	0.160

Price($)	Vol.	No.
0.185	72673	3
0.190	1118444	14
0.195	732291	12
0.200	619000	7
0.205	255000	3

Last trade - 10.14am 29/04/2024 (20 minute delay)


Last 18.5¢			Change 0.005 ( 2.78 %)
Open	High		Low	Volume
18.5¢	18.5¢		18.3¢	72202
Last updated 10.33am 29/04/2024 ?

PLL (ASX) Chart