re: Ann: Update - Separation of Energy and Mi...
It is inevitable that the vote will be carried, directors interests alone are substantial, and if the new proposed board way in, well it will be all done bar the shouting.
I guess their argument will be that the costs to maintain the ASX balance of shareholdings could be better spent.
AIM rules and compliance costs would be subtantially easier to meet. Although I do find comfort in the ASX scrutiny at times.
The take a hike we are busy line about investor relations is in typical of this company and whilst its has an air of arrogance about it, I cant help but feel they are working of something very substantial.
The "well heeled" and connected, proposed new board are already running over prospects and they are getting finances in order....interesting.
I guess we have no choice but to wait now.
All IMHO of couse DYOR
Oscar
LRL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held