If there is no positivity before the AGM the board will be under pressure to see there 1.1 cents share loans approved.
I assume it is the higher of 1.1 cents or the price on the day of the AGM, and not the lower of.
On the other hand a weak SP ensures the 1.1 cents is the max price the shares can be purchased at under the loan agreements so maybe the news delay suits the directors in the short term for a bigger long term gain , who knows really.
Ann: LRS Operations Update, page-139
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