c was passed Simm. It was a) and b) not carried Resolution 6(a)...

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debono

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28/02/19

16:05

Post #: 37606589
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Originally posted by Simmrr ↑

Attended the meeting this morning.

6b and c did not pass. All the rest as far as I remember went through. Vendor has an issue and thats why those resolutions didnt pass.

Couple of questions raised -

whats currently going on with the company? Chairman said they had nothing further to add than what has been released on the ASX. What they invisage is hopefully a resumption next week. Seems it is to do with financing, thats my own interpretation of what was spoken. Chairman seemed positive through the discussion about that and I personally didnt feel any negativity there.

Howz the state of the DRC after elections? Simon said that it was the best outcome they could have wished for. Theres a big positive sentiment through the community about the mine and theres a willingness to see it come to fruition for a boost to the economy through jobs etc. Again no hints of anything negative.

What is going to happen with the resolutions not passing? That bridge needs to be crossed now. Not sure what the outcome will be.

Personally I think they have done the right thing to protect the company and shareholder interests through the last few weeks while things are being sorted. Keeps a lid on panic and speculation. Glad to have gone. I get the feeling things arent fully solved but are on the way to being but I can only pass on what I felt. Im sure others may not feel the same way.

i would be very concerned if this doesnt go through as I would think it opens a whole can of worms and personnally would feel cheated considering the title of the releases. I bought understanding that the purchase had been made when in fact it seems that it has not fully taken place. If management come across this I would hope they take note. While I dont have a lot of shares there may be others who do. I think it could lead to people being mislead and be open to litigation.

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c was passed Simm. It was a) and b) not carried

Resolution 6(a) Issue of Advisor Shares – Blackstone Resources Pty Ltd NOT CARRIED
Resolution 6(b) Issue of Advisor Shares – Ntsu Mining Pty Ltd NOT CARRIED
Resolution 6(c) Issue of Advisor Shares – Pelesa & Associates (DRC) CARRIED

VEC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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c was passed Simm. It was a) and b) not carried Resolution 6(a)...

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