Australia's largest stock trading and investment forum Australia's #1 stock forum

MGU

Click for more information

6.25%

1.5¢ magnum mining and exploration limited

I can't even manage to find the most up to date top 20...

First 53 Last

Share
Profile

Follow
craigasx123

910 Posts.

283

07/02/24

07:55

Post #: 72274654
Share

Originally posted by ThePig: ↑

First of all, pursuant to Section 249(D)(1) the Director's of the Company must call and arrange to hold a General Meeting on the request of members with at least 5% of the votes that may be cast at the General Meeting.

Section 249(D)(2) The request must be in writing; and state any resolutions to be raised at the meeting and be signed by the members making the request and be given to the Company.

So the most important thing to do is to have a plan in place if and/or when the 5% is reached. If for example the group want to replace one Board member the group will have a replacement member they want to inject on to the Board.

There are occasions when negotiations occur prior to the meeting and things are sorted out without the meeting going ahead. I'd suggest that this would be more likely to occur if we're only attempting to replace one Director rather than spill the entire Board.

We really require one or two of the Top 20 holders to be on board to add weight to the application.

Expand

I can't even manage to find the most up to date top 20 share holders list. if you can please share on here

MGU Price at posting: 1.6¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

BRX

Belararox delineates another porphyry in Argentina at Tambo South

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

Your questions From the Floor: Investment experts respond...

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

There are more pages in this discussion • 1 more message in this thread...

First 53 Last

Add MGU (ASX) to my watchlist

(20min delay)
Last 1.5¢		Change -0.001(6.25%)		Mkt cap ! $12.14M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$1.64K	109.3K

Buyers (Bids)

No.	Vol.	Price($)
5	615112	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	517276	3

View Market Depth

No.	Vol.	Price($)
5	615112	0.015
12	4213999	0.014
9	1541538	0.013
3	216748	0.012
4	901510	0.010

Price($)	Vol.	No.
0.016	517276	3
0.017	168000	2
0.018	561875	3
0.019	132431	3
0.020	800862	3

Last trade - 16.10pm 20/06/2024 (20 minute delay)

MGU (ASX) Chart

SPONSORED BY