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83.0¢ red hawk mining limited

Terms Sheet with BBIG and Bankable Feasibility Study, page-47

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mauswara

3,675 Posts.

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25/11/19

15:06

Post #: 41617351
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Originally posted by Spekulator ↑

Correct Jake about that being the law.

The Corporations Law requires that Directors act in the best interests of all shareholders and are duty bound to avoid conflicts of interests among many basic requirements.

One could deduce from the findings of the Takeovers panel ruling that the FMS directors of that time may have fallen short of meeting their corporate obligations as directors in this regard.

This could easily be tested in a court room as could many other elements of directors duties with what has transpired over the last 3 years in the FMS boardroom.

The unfortunate scenario is that our regulator ASIC whose responsibility it is to enforce the Corporations Law appears completely impotent when dealing with the widespread corporate governance issues within ASX listed companies.
This leaves Shareholders of companies with mutual interests to pursue proceedings when in fact it should be the regulator.

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I'm a long way short of being a corporate lawyer...but....it would be an easy task for regulators to ask the Board if any price sensitive information has been given to any party that has not been given to the public via an ASX announcement.
IN real terms, does Todd know more than I do?

FMS Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
18 Upvote

1 Great analysis

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(20min delay)
Last 83.0¢		Change 0.000(0.00%)		Mkt cap ! $165.8M

Open	High	Low	Value	Volume
83.0¢	83.0¢	83.0¢	$90	108

Buyers (Bids)

No.	Vol.	Price($)
1	1493	67.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	10437	1

View Market Depth

No.	Vol.	Price($)
1	1493	0.670
1	20000	0.660
1	10000	0.650
1	31250	0.640
0	0	0.000

Price($)	Vol.	No.
0.830	10437	1
0.860	5000	1
0.870	6412	1
0.885	3999	1
0.890	9868	2

Last trade - 15.39pm 18/09/2024 (20 minute delay)

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