Gday chef747Welcome to the KEY thread, and a smart move to pick...

Gday chef747

Welcome to the KEY thread, and a smart move to pick up some KEY shares judging by your disclosure.

With regards to EGO voting, from what I understand your board did not believe they were a significant asset at the time of sale which was last year. Hence, no need to get approval.

It happens all the time, company’s do need to sell some of their non-core assets to focus on their main projects.

The fact that 8 months later there is now international interest in the Canning and KEY shares have gone upwards is unfortunate for EGO holders and a lucky break for KEY holders. EGO still have a 16% interest in KEY, so they will still benefit from the transaction.

Good Luck with Tuesday’s meeting.

Cheers
R