Member Info for addicknt

zoros, can I ask, were you really happy to give up such a high percentage of our other assets just so that we could teach them a lesson? And particularly as we would not have received any cash benefit for such a level of dilution.

mister, that's a fair point.

zoros, that isn't really the answer.
First of all they are small minority shareholders and, on their own, have no influence whatsoever (I accept they may be working with NCM re the AGM). Bu the critical factor is that our offer would have been a disaster for us. We were seemingly prepared to be diluted across yhe whole of our whole asset base for the sake of 15% of ENSA and their direct holding. I honestly have no idea what NM and the board were thinking of. Mind you, the same applies to the CGP holders - I would have bitten our hand off.
My view is that NM wasn't too worried about ENSA, which, in any event, he believes they won't be able to fund, but what he really wanted was to prevent any influence they may have as a minority shareholder.
It was a truly ridiculous offer and we can't be surprised they're retaliating in kind.

iceberg, which is what I pointed out the other day. Had they looked at the corporate calendar they would have realised they had no need to make a song and dance about an EGM.
But I have a question for you; do you understand why they are fecked-off with Mather?

zoros, I most certainly don't 'have it in for us', but I do find the attacks on CGP rather daft. We unnecessarily started this vendetta with our silly and futile bid, so it hardly seems appropriate to start whingeing when they hit back.
In truth, I couldn't really give a toss about them and am only interested in our team producing some shareholder value.

Aquinaga, they didn't need to - they've got what they want and it takes place on Thursday.

Oh here we go! Q wades in with his usual nonsense.
"they have been the aggressor", "they called for an EGM to remove NM".
He conveniently forgets we started all this over a year ago.
Words fail!

owan, quite right. The anti-CGP'ers often forget the fortunes of CGP are directly linked to our own. They also forget CGP is an independent company whose job it is to protect the interests of their own shareholders. The third thing they forget is that CGP was the subject of an unwanted and hostile bid from us and have every right to feel aggrieved - as some people on here will if a third party bids for us. In fact, I feel pretty aggrieved that Mather wasted a whole year and a great deal of money on something that made absolutely no sense for us whatsoever.

well, that puts paid to some of the suggestions on here.

Thanks, everyone.

I know someone previously posted details of how to join the agm, but I can't find it. Similarly, I'm struggling to find clear instructions on our web site.
I would really appreciate it if someone could re-post. Thanks.

DrQu, personally I think not and this forms my belief that NM will keep his position. But he really will need to engage fully with them in the future if he's to keep them onside.

Iceberg, I've no idea whether he believes it or not. As for CGP having a plan, it looks as if that is the case and they are using the AGM in an attempt to implement it (they didn't need an EGM, which they could have seen for themselves if they'd looked at the corporate calendar). I've no doubt they've been lobbying the other significant shareholders and this explains the boards pleas to retail investors.
As you say, all will be revealed this week.

Just repeating what you suggested he said to you, and which is self-evidently a possibility.

So what you appear to be saying Iceberg, is that come this time next week Irwin may have been proved to be correct?

His name was Clifford something or other.

lostagain, he probably didn't actually exist. There was also a tall skinny bloke who used to terrorize students at the university, when he wasn't on the terraces causing mayhem. A truly nasty piece of work.
I confess as a young teenager, I steered clear of that end.

argument on these boards is a bit like watching the football hooligans of the '70s and'80s.
One of our lads pops over there and gives one of theirs a kick in the nuts. Their lads rush over here and give the lad a smack in the face. He retaliates, and so it goes on.
And at the end of it, they all claim to have won.
"'Ere we go, 'ere we go!"

rk, it was yet another of his Grand Delusions. Another being that only we can build the mine because it's only us who have a good relationship with the government.

shipright, can you tell us how many times the company has sent begging letters to shareholders prior to an AGM previously? Surely you can see this time is different?