So if Merrills is right and the shareholders vote it down, we will be getting a new board.
Norm Secold's position would be untenable even if CDE didn't exercise their right to his shares. If he didn't stand down he would be voted down.
What a sick joke this is. CDE up a few cents, all ords up 56 and BSG down again.
Disclosure: Sadly I own a heap of this clap!