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2.6¢ gindalbie metals ltd

Ann: Independent Expert's Report, page-19

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37 Posts.

01/11/15

02:47

Post #: 16301751
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Just read the AGM Notice in a bit more detail

Subject to any applicable voting exclusions, the Chair of the meeting intends to vote all available undirected proxies IN FAVOUR of Resolutions 1-4 and AGAINST Resolution 5.

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The Board is of the view that grant of the Amended Share Mortgage supported by the Unlimited Recourse Guarantee IS NOT in the best interests of shareholders who are not associated with Angang or Anshan, shareholders should NOT VOTE IN FAVOUR of Resolution 5 and that the Amended Share Mortgage should not be approved.

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Given Ansteel's votes don't count it would appear the resolution will fail. Still not sure what that means for GBG and relationship with Ansteel.

GBG Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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