Trust in intelligence The current capital increase is necessary for the conclusion of Norte and for the development of a new larger CAPEX.
Nothing else matters at the moment.
So a yes from me.
Voting yes is probably a question of trust.
On the balance of power:
major shareholders
Directors, Officers & Employees 9.1% / 16.8%
Institutions & Family Offices 12.0% / 11.0%
Fortesecue Metals Group 19.4% / 17.7%
BVL Lima - Peruvian Shareholders 22.1% / 20.1%
Retail/Float 37.4% / 34.4%
This currently results in a whopping majority of 80.6% / 82.3% of shareholders versus Fortescue Metals with 19.4% / 17.7%
Should a company - whatever - make a dubious purchase offer in the future, I am sure that the majority of the shareholders will reject this, including myself, of course.
We have a shareholder rights plan that is designed specifically to stop hostile takeover attempts.
And then we get it out of the drawer.
Look at the majority ratios. I can't find any reason why 80% of shareholders should get ripped off at any point.