I agree, so far as auditors are concerned (having also worked extensively with them, both nationally and internationally), for many years. Ordinarily, however, such a resolution would have been recommended /been forthcoming from the board, as a whole, or if required from a requisitioning perspective (supported by all directors). In this instance, though, the requisitioning shareholders (Kiing and McBain) hold ~7.4M shares, as opposed to Robinson (830,000) and Robertson (1,407,000). From a unity perspective, it would have looked far better if the Board had been united on this. Perhaps, they are but it just doesn't quite look like this.
LON Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
