They are want the approval to issue the 10 equity as follows:
The effect of resolution 3 will be to allow the company to issue the equity securities underlisting rule 7.1A during the 10% placement period without further shareholder approval andwithout using the company’s 15% placement capacity under listing rule 7.1.
Also requires 75% approval......
Do as you wish, my vote is NO NO NO. I'm with Uz - release more figures and tell us if the plan is to get to mining or just drill and do nothing worthwhile, so that they can continue to be paid.
Ann: Notice of Annual General Meeting, page-3
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