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Rabbits from the hat at AGM?, page-2

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gregororius

271 Posts.

15

18/11/14

18:12

Post #: 14310078
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Originally posted by gregororius ↑

Man this place is slower than prostate pisser!

So the resolution 3 has been removed from the meetings agenda - would have allowed the additional raising of 10% of issued capital. Good to lessen future dilutions of existing holders......placements are still in the offing at future stages though.
Raises two questions :
1. Is this due to a stroppy large shareholder throwing toys from the cot on this issue - not want significant dilution of existing holders?
2. Does this mean that a better funding deal (banking type organization) has been obtained in recent days? Would be GREAT news if on favorable terms and would shore up the whole Cambay development and the markets belief on potential production plan, new drilling, overall bankable desirability and cashflow potentials.

Who is going to the AGM??? - starting soon!!! - and they can raise these questions??

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OEX Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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