UK 15:13 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Finally Nyota Minerals (NYO) has agreed to an EGM to vote on bringing on new directors ( who are credible) and ousting the old board who have been grossly overpaid and have trashed this company. The old board has wriggled for two months in order to extract yet more in fees and will leave the bank account empty when voted out, as they surely will be. We already know that the owners of 40% plus of the equity want the greedy useless bastards out. But still the bastards wriggle.
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Comments
Eyeguy
Tom.
What law are they using to do this? It doesn’t mention any of this in the Australian corporations act. Non votes do not count at all according to the act.Does anyone with any insight to corporate law know wtf is going on?