CAP 6.00% 9.4¢ carpentaria resources ltd

I just saw your post,Raks...While it's fun to guess/hope/wish on...

  1. 4,582 Posts.
    I just saw your post,Raks...


    While it's fun to guess/hope/wish on takeover offers,the point you raise may be more valid.

    The company did say it was a "potential change of control transaction" which means the acquirer only needs 50.1% of the company in order to....


    Can veto or pass ordinary resolutions in general meeting, including:
    �� remove directors from board
    �� authorise a final dividend
    �� authorise capitalisation of reserves
    �� approve transaction with connected party
    �� removal of auditor prior to the expiry of his term.


    In Nick we trust :))

    Bring on tomorrow!


    Cheers
 
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