RE:Vote Buffet11 wrote: Someone is trying to hold the share price down so it does look as this placement is a good deal. No it isn't! Fortescue got the 19% they already hold far too cheap. I agree, we do not need more drilling, which is not going to happen until we get drill permits anyways. So why not get someone else on board who is interested in getting the foot into the door for the future and gives us the money to do the necessary work within the community and allows us to apply for all the permits needed to bring this forward. Then lets Fortescue decide if Candente is worth it to be taken seriously.
Unfortunately, the way I see it is that we don't have too much say in all of this. Yes we can vote NO, but while Fortescue can't vote on this one, the rest of the board members can and their share count and apparent consent to this deal will probably get them to the 51% needed anyways.
I will vote NO as well and hope at least we will be heard and can put some pressure on management to show some beef instead of only talk, talk, talk.
Directors, Officers & Employees 9.1%
Institutions & Family Offices 12.0%
Fortesecue Metals Group 19.4%
BVL Lima - Peruvian Shareholders 22.1%
Retail/ Float 37.4%
From the candente presentations, Peruvian shareholders and the retail have almost 60% of votes. There is still a chance to stop this proposal.