CAP 2.27% 4.3¢ carpentaria resources ltd

and so it begins, page-44

  1. 21 Posts.
    For the benefit of CAP shareholders on this forum, can Mr McCormack explain:

    1) Why Silvergate wants to remove 2 CAP directors, Mr Cholakos and Dr Williams?

    Nick Sheard has stated CAP was happy to give Silvergate its 2 seats, on top of the existing 5 directors.

    Should Silvergate succeed in its resolutions, CAP would have 3 nominee directors, just 1 independent and the chairman.

    2) If Silvergate/ASI is so wealthy and interested in Hawsons, why has it not simply acquired a 40% stake in the project directly from the liquidator of BMG?

    3) And with regard to (2), why will Silvergate not make an open takeover offer to all shareholders?
 
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