Very good point Fordtin.
I think Peter Mac and other board members are large shareholders themselves and would be reticent to put themselves in a situation where they cede all control to RIO (they have had enough headaches with KAH).
Therefore I think it unlikely that existing board members (other than John Main) would vote in favour of an "official" RIO board member.
However, if RIO were to accumulate a 40% stake they would have every right to insist on two board members.
For them to buy another 25% (to supplement their existing circa 15%) would not be an easy task unless there is a large and distressed holder.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.23M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 908181 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 11386226 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 908181 | 0.011 |
7 | 1962740 | 0.010 |
3 | 600000 | 0.009 |
3 | 1100000 | 0.008 |
5 | 997992 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 11386226 | 3 |
0.013 | 6590230 | 7 |
0.014 | 9921428 | 4 |
0.015 | 6404179 | 5 |
0.016 | 1100712 | 4 |
Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
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