RE: GM feedback29 Aug 2025 08:46
I must confess to not voting in the SA sale vote this week. With a simple majority required, my experience of EGM votes and the knowledge that 30% of total shares from institutional votes pro sale it was pretty much a foregone conclusion .
In any event, the way the board had talked down the company's most profitable and established asset, it would not have made sense to keep it. It was like watching a rerun of the new Labour Government talking down the economy in a self fulfilling prophecy.
I am left with around 450k shares, many at much higher prices, but with averaging down, an average of 4.4p, a relatively attainable target.
What's done is done and we now have to hope that the board's very conservative production estimates were just that and will be smashed.
Oh and a little bonus in the form of a divvy would be a nice sop to us long suffering shareholders.
Don't see a point to buybacks with so many shares in issue and a board addicted to equity raises.