Post-AGM views, page-9

Oz B,

Cloncurry is right ... as a shareholder of a public company who is given privileged information at an AGM , He/She or it is obliged to keep confidential information away from non holders.

You may have been a holder previously but you are not now.

Public company confidential agreements/arrangements are very tight and the ASX is very aware of that. If CDU tells its shareholders confidential news (being company agents/representatives or affiliates) then that shareholder is not in a legal position to divulge that information to the all and sundry ,meaning the non shareholding public ..such as HC bloggers.

You are not a holder, so you are not privy at law to any confidential information and shareholders who do leak information can be taken to task. This is how the law works. Tell me that I am wrong but you will have to substantiate it. I have signed many confidentiality agreements in my lifetime and all seek punitive damages if there is a transgression.

Buy some shares, then you may more about the reality..do not forget that the Board will be able to over ride any disclosure of confidentiality .. you may need to read the constitution of the company first.

I know for a fact that if any of my ventures finds a massive bonanza in the resources game, I will get the relevant state mines departments to put a moratorium on any release of geochemical data that we derived and incurred at our expense and considered as our intellectual property for a lengthy period of time.

You are mistaken in your belief that a public company has any obligation to make public at large their confidential information.

Try that one on with BHP/RIO/Glencore and hundreds of other Multinationals.

Cloncurry nor any other shareholder in CDU have any obligation to tell you anything, nor most probably the legal right to.

Keep up the conjecture on your part.. I would assume you are free to postulate ..but you may not have a legal leg to stand on if you insist you postulations are valid when ultimately you might wind up with egg on your face.

I have seen it many times on HC threads over the years . Lots of losers and a few winners. Confidentiality agreements carry a lot of weight and insider leaking of information has been taken very seriously over the last decade in Oz in my memory..rightly or wrongly. The first big fall guy was a fellow by the name of Neeson, going back to 1992.

CDU is not obliged to divulge anything to you personally if you are not a shareholder, nor if you are one..as previously stated ..read the constitution. If I am wrong, get it in writing and demonstrate it on HC .

Cheers,

HR

No advice given ..just some previous experience, as I know it ..you may have a different experience and I am sure we would all like to know about it, now that I have given my views to the blog.