So the general concensus is that Julius is a good fit with MKO's current resource and close enough to the BW mill.
With the latest EAR board reshuffle and CR what does the balance of the share register like now and how likely are they to get into bed with MKO in the next 6 months or so?
What are views on the current fair value for EAR shares?
Regards,
Barry
PS. From what I can see EAR shares held approximately as follows:
Kohler approx. 25m
Current Directors approx. 21m
Latest CR 20m - one would assume issued to investors aligned with current directors
Other major shareholder AXF / Byass / Gyngell combined approx. 48m
Other minor shareholders approx. 56m
From the results of the recent AGM there are approx 44m votes aligned with Kohler, 61m with Ruane and approx. 41m that didn't vote.
Resolution For Against Abstain 1. Appointment of Michael Ruane as a Director 61,058,335 43,866,733 -
2. Appointment of Simon Coxhell as a Director
60,687,085
43,866,733
371,250 3. Removal of Mathew Longworth as a Director 55,337,692 49,216,126 371,250
4. Removal of Ernst Kohler as a Director
60,709,085
43,844,733
371,250 Shares Currently Owned by Directors as at last notice 16 03 2016
Directors
Convertibles•
1
Options•
2
Direct Shares•
3
Indirect Shares•
4
Total Shares
Notice Date
5
Michael Ruane
--
--
15,711,244
15,711,244
08 02 2016
6
Simon Coxhell
--
--
08 02 2016
7
Anthony McIntosh
--
--
5,371,393
5,371,393
11 06 2015
Substantial Shareholder Transactions
Shareholders
Date
New
Previous
Shares Traded
1
Michael Ruane
18 01 2016
11.02%
9.96%
1,475,757
2
Michael Ruane
02 11 2015
9.96%
--
--
3
Michael Ruane
15 10 2015
--
17.72%
--
4
AXF Resources Pty Ltd
15 10 2015
16.49%
--
--
5
Adrian Byass
26 08 2015
--
7.56%
--
6
Adrian Byass
25 06 2015
7.56%
--
--
7
Nicholas Robert Gyngell
12 06 2015
8.03%
7.86%
3,226,636
8
Ernst Alfred Kohler
12 06 2015
16.93%
--
--
9
Michael Ruane
24 04 2015
17.72%
16.57%
1,170,343
MKO Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held