If they had applied for an extension, you would think that there would have been an announcement of some description?
Or included it in their recent quarterly report considering that at the date of release of the quarterly (1/11) was coincidentally the last day to announce the AGM (28 days notice) or "again" breech Corporations Act guidelines.
@The Avenger as AISC is the governing body in regards to the AGM, I don't think that the ASX can grant extensions?
Further more
@MeToo an extension can only be considered or granted if the application is submitted prior to the due date of the AGM
RG 44.7 An application made under s250P to extend the date of the AGM must be made before the end of the period within which the
meeting would otherwise be required to be held.
https://download.asic.gov.au/media/1238144/rg44.pdf
Also as per the application form ....
Maybe if the company adhered to its obligations under the relevant regulatory acts we may have seen something like this .....
https://www.bigrivergold.com.au/wp-content/uploads/2019/05/090519-Extension-of-time-to-hold-AGM.pdf
Or they have applied and ummmm just haven't announced it - the fee for applying for an extension is circa $3500 and the fee for an announcement on the ASX platform is circa $2000 - maybe rattle the tin again to pay to get the announcements out
Half yearly and annual report:
Brewer in his reply to beisha on the
19th September said:
These reports are being finalised. The delay in releasing the half yearly has been the necessary sign offs and wording in the proposed DRC acquisitions. Both are be released shortly. There was no reason given why the Annual Report was delayed though......
https://hotcopper.com.au/threads/questions-to-management-what-is-going-on-official.4843718/page-7
I guess the company's idea of shortly differs greatly from mine considering it has been
10 weeks since he made that statement.
There has been some progress on the 1/2 yearly and yearly reports ...the status has moved to waiting sign off by the company directors and auditors, I would have thought that the auditors would sign them off when they completed them
https://www.asx.com.au/asxpdf/20191101/pdf/44b6g4qwy9xdmx.pdf
These reports are sure going to make for some interesting reading ............
IMO, I do not believe that the so called recent "submission" is about re-listing (or In Principle Advice). It is clear from what the company announced that the submission was about the proposed acquisition and "specifically" some aspects of it and it is to address those.
In June the company withdrew its application for In-Principle Advice,
quoting advanced negotiations with a number of parties for
0ff-take and debt funding. The company will, upon finalisation of these discussions aim to provide a comprehensive update to the market in respect of its proposed acquisition and the trading of the company's securities.
If the company withdrew its application because of the advanced negotiations, and these negotiations are still incomplete, why could the company submit an application to be re-listed?
cheers
