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21.5¢ piedmont lithium inc.

PLL General Discussion, page-2048

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banksy808

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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 21.5¢		Change 0.000(0.00%)		Mkt cap ! $91.16M

Open	High	Low	Value	Volume
22.0¢	22.0¢	21.0¢	$173.1K	803.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1998	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	1172	1

View Market Depth

No.	Vol.	Price($)
1	1998	0.215
19	310074	0.210
16	375157	0.205
19	598611	0.200
11	591998	0.195

Price($)	Vol.	No.
0.220	1172	1
0.225	97086	4
0.230	38277	3
0.235	125293	6
0.240	346408	10

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 21.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
21.8¢	22.0¢		21.0¢	851027
Last updated 15.42pm 28/05/2024 ?

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