Ann: Becoming a substantial holder, page-39

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bmloho

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26/02/18

12:21

Post #: 31344325
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Originally posted by Shady Merv ↑

Today's ann indicates that the call for an EGM to replace the 2 female directors came as a real surprise to the Board, especially to Bronwyn Barnes I dare to say.

That's an interesting thing to say in view of the fact that Rob Martin, the 3rd Director, was reported in Saturday's WA paper as supporting the motions. '

The only other director of Auris, Rob Martin, is understood to support the changes.'

Is he behind the move?

Things that I have heard on the grapevine for a little while now is that some holders in the top 50 or so have queried the independence of Bronwyn Barnes (potential for undue influence from Micheal Fotios), and the practical experience of Susan Vearncombe (more of an academic type).

The grapevine also says that Richard Pugh was treated shabbily in the later months of his employment, and perhaps because of someone with geo knowledge outside the company unfairly and unreasonably influencing the Board.

Factors?

Anyway, we'll know about the EGM soon enough.

In the meantime, what's the TH all about? The use of 'potential material transaction' regarding a farm-in Agreement has had me puzzled, still puzzled in fact. A farm-out/in is usually followed by a joint venture if the exploration by the other party (the one farming in) is successful. TLM and SFR jv'd. They now mine Monty and explore the Springfield tenements as a jv, with the contributions and ownership etc SFR 70% and TLM 30%. Is a jv the 'potential material transaction'?

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Shady

How many shares do you reckon Rob Martin owns and speaks for? add that to the protagonists.

They may be able to pull it off!

Subject to the JV deal it looks like we may have a bit of jostling and a bit of competition for the stock and votes.

What price for MF to walk? What price for RM to walk?

Money talks.

Either way AUR is in play.

Cheers

AUR Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $2.383M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	1316025	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	393286	2

View Market Depth

No.	Vol.	Price($)
2	103729	0.030
1	218636	0.028
1	300000	0.024
2	200000	0.022
1	100000	0.020

Price($)	Vol.	No.
0.031	20000	1
0.034	194955	1
0.035	665000	1
0.036	58747	1
0.039	82835	1

Last trade - 16.12pm 08/11/2024 (20 minute delay)

AUR (ASX) Chart

Ann: Becoming a substantial holder, page-39

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