AGM resolutions1 Dec 2022 07:32
Having given some thought to the issues discussed here re voting at upcoming AGM, I’ve decided I will support all the resolutions.
As a long standing holder here I share the frustrations being voiced.
But, in my opinion we have to support the BOD as whatever has happened in the past (the responsibility for much of which no doubt lies with recently departed Execs/ Board members) the only way we get value here is to stick with the remaining Board and recently appointed Directors.
We can’t trust BHP/NCM nor can we give complete control to CGP/ Maxit.
Retail shareholder support is vital because BHP and NCM must be prevented from creeping control attempts.
If any of current BOD get removed it just leaves room for BHP and NCM nominees to be appointed and have a lot more influence which is potentially disastrous.
“Strategic review “ can only mean “get taken over at a high price”. Talk of selling the asset, spin outs or part of assets would be simply to explore ways of getting more value into shareholders hands. Im sure that the majors will want the whole lot so I think this will probably motivate them into action. We all want a bid at a high price and the merger with CGP shows that is what is being worked towards.
It is very very important that resolutions pass at this meeting. Nick and Sangha have pulled off takeovers in the past, so Im confident it'll happen again. There is no reason why they'd go cheaply.
I can sense real danger of BHP/ NCM gaining control if we fail to back the Board at this time.
Please support all resolutions, and please change your instructions if you have voted against before it is too late.
Sign In
Follow the stocks
