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Not sure what your agenda is ( but can guess with only a single post to your name at the start of today) but all this sowing doubt about the final vote figures is laughable. At last years AGM the voting figures and percentages announced at the AGM were the final confirmed figures which eventually were published in an RNS. So unless they have changed the way they announced the results last year all your speculation about still having to add in votes for BHP/NCM is pure bulls£it!
FTJNY, I'm not so sure. I am pretty anxious at this point, as if Mather has secured 76% of votes cast IN ADVANCE his position is by no means guaranteed (though am not 100% on the maths here). The lack of Results RNS is unusual.
I wonder if they are burning the midnight oil in Brisbane pouring over the corporate governance code in the UK to work out what they can and can't get away with...
As I said earlier, Fawzi's absence today does not fill me with confidence given the importance of today's vote and the fact that it was by no means a done deal.
Let's hope he has a job to come back to.
Sharket
Hypothetically…. If Mather was voted off as an NED he could be reinstated by the board as CEO as this is a remunerated position…. As Red drew my attention to earlier
Yes last year and the votes announced at the meeting were the final confirmed total votes and didn’t change upon issuing the official AGM RNS. From recollection they went though each vote and added the votes cast ahead of the AGM to the votes cast on the day and then DEFINITELY announced the final outcome with a number and percentage and whether it was passed for or against. What they most certainly didn’t do was say ok folks we’ve got these votes here but still have some outstanding votes to add so we’ll get back to you later with the final figures! Sounds laughable don’t you think!?
Imagine Dbw... I did also suggest to Bozi privately the idea that he could come back as DGR's representative to the board, though I'm not sure whether this would be permissable by the governance code.
Are we sure a company can reappoint an individual that shareholders have voted out by proxy just a couple of years earlier?
Besides, Mather at the company is no longer as important as his shareholding. The need for him in SolGold towers has expired. It's Scott Caldwell and Dan Vujcic who are driving this now and as we know they were nominated by CGP and Co.
If Nick has gone as Director he is going to be spitting feathers that he agreed to the merger and his golden goose is now being run entirely by his former foe.
Yes I attended via the live stream and have explained in my post below how the votes for the various resolutions were announced at the meeting with no caveat that further votes needed to be added later !
If he has gone, I have no sympathy… he and the Solg board could have monetised this way back, and should have.
DM ….. what’s your problem….. awfully aggressive for a supposed first timer on here. Relax it’s Christmas
Absolute effing joke ting is this company I hope the BOD get what they deserve a good hiding on the share price but then again what does it matter to them with no skin on the game 8p here we come
Novice …. Give it a rest please
Not saying you have an agenda …. We all have differing opinions here and hopefully the company will do the decent thing and let us know what’s going on
Shut the door on the way out darling.
Dinner Money - I’m with you I think this vote is going to be close.
I don’t think there is anything too sinister in them not getting the results RNS out - as I’m thinking it was late over in Brisbane by the time they totted everything up. I think they wait for a full count back through an online system the name of which I can’t recall
So I have a question - do we think Blackrock would have submitted votes prior to the meeting ? I’m trying to work out if the numbers from todays win already included black rock or not.
My thinking is this ……if it’s only BHP & Newcrest we were waiting on - that’s 25% / 620k shares
If typically 70% vote and we were waiting ‘only’ on Newcrest / Blackrock then 45% had already voted (maybe)
45% = 1.125 b shares
Nick got 76% = 840k for and 24% against 280k against
If we then add in Newcrest / BHP - 620k against
Gives us 840k for and 900k against
Obviously the key questions are - which institutions hadn’t pre-voted …..maybe Newcrest / BHP had already submitted votes ……all my numbers are rough calcs
Get the feeling the next RNS may contain more than just the voting results
At least I hope so
You may be right DBW,
But my guess is it won’t - it’ll just contain the results.
The votes given at the meeting today were not the final votes - final votes come from ‘Computershare’ and they won’t have got them all until a while after the AGM - maybe due to the lateness of full results caused the missed RNS - I’m not sure they can RNS after 6pm
So my theory is - the delayed RNS is not due to them scrambling in terms of what commentary to put in it - but merely as they didn’t have the final votes
As far as I'm aware the last time BHP and NCM sought to have Nick removed as a director, they failed but achieved his resignation as CEO. The last time the votes were held on a 'disruptive' basis, BHP and Newcrest plus Blackrock held over 32%. Throw in the likelihood that CGP voted with them too and that's nearer 39% in total and Nick still survived that one.
So based on the known facts that CGP and Norges voted for Nick, that's at least 10% swing in favour of Nick being retained. Blackrock as we know have dropped below 4%. So that's another 1% gone.
Then you can throw in another 6.3% of chinese votes that were not there last time around.
Seriously guys what planet are you lot on??? You have a benchmark from the last time BHP tried this. You know that Nick has secured more than a 17% swing in his favour since then. There's no way PI's voted to oust him and likely voted as they did before.
So based on Chinese, Norges and CGP all known to vote for Nick... I think we can safely say that you are worrying about nothing and it is about as close to be close as Harry and Megan are to being brought back into Royal duties.
Sort it out!
I followed recommendations here to vote for all resolutions. I did but I wonder whether i was right. So tiring all this, when guys are getting huge salaries (no envy) and delivering nothing (destroying everything).