Ann: Becoming a substantial holder, page-40

First 40 Last

Share
Profile

Follow
beans

3,844 Posts.

11

26/02/18

12:29

Post #: 31344652
Share

Originally posted by Shady Merv ↑

Today's ann indicates that the call for an EGM to replace the 2 female directors came as a real surprise to the Board, especially to Bronwyn Barnes I dare to say.

That's an interesting thing to say in view of the fact that Rob Martin, the 3rd Director, was reported in Saturday's WA paper as supporting the motions. '

The only other director of Auris, Rob Martin, is understood to support the changes.'

Is he behind the move?

Things that I have heard on the grapevine for a little while now is that some holders in the top 50 or so have queried the independence of Bronwyn Barnes (potential for undue influence from Micheal Fotios), and the practical experience of Susan Vearncombe (more of an academic type).

The grapevine also says that Richard Pugh was treated shabbily in the later months of his employment, and perhaps because of someone with geo knowledge outside the company unfairly and unreasonably influencing the Board.

Factors?

Anyway, we'll know about the EGM soon enough.

In the meantime, what's the TH all about? The use of 'potential material transaction' regarding a farm-in Agreement has had me puzzled, still puzzled in fact. A farm-out/in is usually followed by a joint venture if the exploration by the other party (the one farming in) is successful. TLM and SFR jv'd. They now mine Monty and explore the Springfield tenements as a jv, with the contributions and ownership etc SFR 70% and TLM 30%. Is a jv the 'potential material transaction'?

Expand

I think you'l find the board spill came at same time of JV. They must be connected.

AUR Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

OD6

Leo Lithium locks in US$116.3M with sale of Goulamina stake to Ganfeng

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 4 more messages in this thread...

First 40 Last

Add AUR (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $2.383M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	1810487	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	393286	2

View Market Depth

No.	Vol.	Price($)
2	103729	0.030
1	218636	0.028
1	300000	0.024
2	200000	0.022
1	100000	0.020

Price($)	Vol.	No.
0.031	20000	1
0.034	194955	1
0.035	665000	1
0.036	58747	1
0.039	82835	1

Last trade - 10.00am 27/11/2024 (20 minute delay)

AUR (ASX) Chart

Day chart unavailable

Ann: Becoming a substantial holder, page-40

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Leo Lithium locks in US$116.3M with sale of Goulamina stake to Ganfeng

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Buyers (Bids)

Sellers (Offers)