agm results, page-5

goodaye,
yep I also find that interesting also.

the biggest s/h seems to be Lang Walker with 79m shares or just under 20%.

so of all the votes cast in that resolution seeking to provide those options to Beach, a total of 147.5m votes were cast.

(i) in favour of the resolution was 58,503,706;
(ii) against the resolution was 82,915,967; and
(iii) abstaining on the resolution was 6,105,405.

so there must be 405m shares on issue?

if we assume that the major s/h voted (and you expect he did), one might assume that as only 58.5m shares voted FOR that resolution, and 82.9m shares were AGAINST that resolution, I reckon we can presume that Mr Lang Walker voted against giving Beach those option.

i grant its an assumption only.

But it is interesting, because it it is correct, Walker sees that its not in minority s/h interests to grant Beach the opportunity to grab another 75m shares at 40c exercisable prior to June 2016.

So imho, thats a good sign for ADE s/h !

cheers

(ps - there is no Sentiment for "Just Watching with Interest")