"We will see what comes in the short term as it means the shareholders group has sufficient numbers to vote for a board spill if they so choose".
Gday Surandy70,
A little surprised no announcements following the EGO AGM considering the meeting held with some shareholders the day before. I am not sure CM is too worried now about the situation imo, it looks like he waived a pretty big legal stick based on what was presented.
The fact that only 20% of shareholders voted at the AGM is probably the reason he appears to be sitting comfortable with the situation, as he knows if there was any challenge, he could easily draw on some of his long term significant holders (80% didn’t vote), to defend any challenge, again in my opinion.
I see on the EGO thread that they are still trying to reclaim their Canning asset back, will be interesting IF KEY come out shortly with a major deal or jv involving these assets.......just a thought?
Cheers
R
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