That means the disgruntled investor faction, led by businessman Geoff Lord and lawyer Nick Stretch, will struggle to defeat the deal. They might have the firepower to vote down the cancellation of Kagara's 22 million Copper Strike shares, which needs a 75 per cent vote, but that will not upset the sale or a planned 14? capital return because the structure of the deal forces Kagara to give back any capital return within six months of the sale.
KZL Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
