According to the latest 3B announcement, there are 1,034,924,401 voting shares currently issued.
According to the Corporations Act, if 5% of the voting shares call for a meeting then it must be carried out within two months.
I think it would be worthwhile if HotCopper users such as myself combined our voting power to call a meeting. At this meeting we could call for a change of management, or force management to publish monthly production updates. We could also use this opportunity to pass a resolution clarifying the state of the Anglogold joint venture, and other important points that thus far management has willfully neglected to clarify to their employers, you and I.
Even if we can't secure 5%, if enough noise is made about this it should start putting the fear of God back into the directors, and ensure shareholders are given the transparency they deserve.
Atlas
Expand
