Member Info for sandgrounded

There are certain posters who like to spread FUD, to get people to sell their shares cheaply.

Fear

Uncertainty

Downright lies.

No matter how many times they are told the facts, they will try and twist it for their own or their employers end.

The sp is being held back at times for no reason, all to allow someone to accumulate. If you believe in the story, then hold your shares tightly. The Diamond drilling should have been completed by now and we are a few weeks from results.

BBC News website.

Billionaire Joe Lewis, whose family trust owns Tottenham Hotspur football club, was fined $5m (£4m) Thursday, but will avoid prison after pleading guilty to insider trading.

The whole system is bent. The rich get richer and when caught get a tickle ( not even a rap) on the hand.

Corrupt trading, prices rigged. What chance does the ordinary private investor h@ve?

James, I respect your choice.

I look at both positives and negatives. Nothing heard about the dewatering issue. It could be a means of appeasing Newmont shareholders to accept an agreed lower offer for Havieron/Telfer, but as I said on my earlier post, it could cause PI’s to sell up.

Someone is putting pressure on the sp. It would be wise to look at all possibilities.

Having said that, I am staying the course, to see what develops. Collect any evidence you can should this go t*ts up.

I just hope the likes of Wyloo are not sh***ing on us, aided and abetted by the board.

They could be shorting the price and hoping the dewatering issue adds uncertainty for private investors to sell.

Another sxx could be in the making, with the BOD guaranteed places on takeover perhaps?

TrickyEFC,

“ It's why you invest on potential donk.

If contracts where signed would be over 2p

Investing name of the game”

Quite true, but then the detractors would say the options at 1.5p was too low lol!

They have to have something to moan about. God bless ‘em!

Good luck all genuine holders. 5 trading days before the general meeting. Let’s see what happens then.

You can vote for or against any resolution that is proposed. Or you can abstain from voting. The choice is yours.

We know the majority of shares are held in a few hands and as such all resolutions will be passed. The thing is, the management can’t even be bothered to give us any information to base our vote on.

As a shareholder with over 1.1 million votes, why should I be voting for the proposals in the general meeting, when we have heard very little from management?

A genuine question.

Even our most ardent supporters are hoping for a miracle.

Https://hanner.co.il/Israel-Lawyers/Israel-Laws/Company-Law/CompanyLaw10.htm

Strange, this section under Isra3li law, seems to imply a meeting has to be held within 35 days.

company.

(b) The board of directors of a public company may resolve to convene a special general meeting, and shall so convene at the demand of any of the following:

(1) two directors or one-quarter of the directors in office;

(2) one or more shareholders with at least five percent of the issued share capital and at least one percent of the voting rights in the company, or one or more shareholders with at least five percent of the voting rights in the company.

(c) Where a board of directors is requested to convene a special general meeting, it shall convene such meeting within twenty-one days of the date on which the request was made, on the date designated in an invitation pursuant to section 67 or by a notice pursuant to section 69, provided that in respect of a public company, the date of convening the meeting shall be no later than thirty-five days after the date of the notice, unless otherwise provided in respect of a meeting to which Article G applies, and in respect of a private company the provisions of section 67 shall apply.

I will leave it to more knowledgeable posters!!

Ethernity.

HullFC, I have looked at the articles of association on Ethernicity’s website and found the following:-

27. Extraordinary General Meetings

All General Meetings other than Annual General Meetings shall be called “Extraordinary General Meetings”. The Board may, whenever it deems fit, convene an Extraordinary General Meeting at such time and place, within or outside the State of Israel, as may be determined by the Board, and shall be obliged to do so upon a requisition in writing in accordance with Section 63 of the Companies Law.

28. Notice of General Meetings; Omissions to Give Notice

28.1. Not less than 21 days’ prior notice, or 35 days’ prior notice to the extent required under regulations promulgated under the Companies Law, shall be given of every General Meeting. Each such notice shall specify the place and the day and hour of the meeting and the general nature of each item to be acted upon thereat, said notice to be given to all members who would be entitled to attend and vote at such meeting. Anything therein to the contrary notwithstanding, with the consent of all members entitled to vote thereon, a resolution may be proposed and passed at such meeting although a lesser notice than hereinabove prescribed has been given.

28.2. The accidental omission to give notice of a meeting to any member, or the non-receipt of notice sent to such member, shall not invalidate the proceedings at such meeting.

I’ve not been able to find much about Israeli law (as yet), but the £5 days would put it up to the 5th April, which is Friday, so the 9th April seems reasonable.

Apologies if I got peoples hopes up, that the length of notification may have a reason behind it.

Thanks for all the replies.

Good luck all holders.

Thanks MH01

One other thing, if we did buy the assets, would we then be eligible for the GDX, as we would be a ‘producer’, producing gold from Telfer?

With the price of gold shooting up, will this increase the cost of buying Telfer/Havieron?

A low price for the assets may not prove popular to Newmont shareholders, so let’s hope a deal is revealed after the weekend.

Up $28 as I type at 2185.

Thanks HullFC.

Can anyone explain why the EGM is convened so far into the year?

Normally a minimum of 14 days is required, but the board have given 40 days notice.

Are they expecting something to happen before then?

303Members' power to require directors to call general meeting

(1)The members of a company may require the directors to call a general meeting of the company.

(2)The directors are required to call a general meeting once the company has received requests to do so from—

(a)members representing at least the required percentage of such of the paid-up capital of the company as carries the right of voting at general meetings of the company (excluding any paid-up capital held as treasury shares); or

(b)in the case of a company not having a share capital, members who represent at least the required percentage of the total voting rights of all the members having a right to vote at general meetings.

(3)The required percentage is 10% unless, in the case of a private company, more than twelve months has elapsed since the end of the last general meeting—

(a)called in pursuance of a requirement under this section, or

(b)in relation to which any members of the company had (by virtue of an enactment, the company’s articles or otherwise) rights with respect to the circulation of a resolution no less extensive than they would have had if the meeting had been so called at their request,

in which case the required percentage is 5%.

Just over 299 million shares in issue, so all we need is just short of 30 million and we can submit a vote of no confidence in the board. That would shake things up and stop the board taking shareholders for granted.

Could those three trades be a short closing?