Bucket list of 200 ASX listed companies where yet to attend AGM

3P Learning (3PL): 13% against director Craig Coleman in 2023. Physical AGM in Parramatta last November. Market cap $330m. Accumulated losses of $30.7m and net assets of $194m so have added value through Mathletics and the like. Executive chairman Matthew Sandblom owns almost 50%.

4D Medical (4DX): dropped a $36.2m last day loss which lifted accumulated losses to $152m. Net assets are $70.9m and the market cap was $195m in early 2025. Was a physical meeting at Melbourne Uni in November 2023.

Actinogen (ACW): dropped a $13m last day loss which lifted accumulated losses to $81.7m. Net assets are $19.7m and the market cap is $78m in early 2025 with the stock at 2c. Ran a physical meeting on Nov 17, 2023.

AD1 Holdings (AD1): 2pm virtual in Melbourne via zoom on Nov 29, 2024. See notice of meeting. Nicholas Smedley a director. Market cap $5m. Only protest 8% against extra placement capacity. Did the same last day effort in 2023

Adairs (ADH): 11am physical meeting in Melbourne. See notice of meeting. Market cap $471m in early 2025 so performing well.

AF Legal (AFL): the struggling listed law firm dropped a $1.6m last day profit which reduced accumulated losses to $122.7m. Net assets are $9.9m and the market cap was $13m with stock at 3c in early 2025. Held a hybrid in Brisbane on Nov 14, 2023.

Ainsworth Gaming Technology (AGI): physical only meeting always held at the Bankstown Sports Club in Sydney in May 2024. See notice of meeting. Market cap $405m in May 2024. The fail to publish their constitution or a transcript/archive of AGM webcast when they do publish transcripts of the half yearly earnings call.

Alfabs Australia (AAL): Bill Wavish and his wife Yvonne have quite an equity play going at this company. He may have failed miserably in his tilt at the Endeavour Group board in 2023 but Bill topped up with another 235k on-market purchase at Alfabs in December 2024. Market cap was $114m in early 2025. The commendably ran a hybrid AGM out of Automic's Sydney office on November 22, 2024.

Alpha HPA (A4N): aluminium manufacturer which cracked the ASX300 and insists on having physical Sydney AGMS late in the main season. See 2023 notice of meeting. Dropped a $25m last day loss which lifted accumulated losses to $105.2m. Net assets are $247.2m and the market cap was $971m in early 2025 so they're doing something right.

Amaero International (3DA): the US-focused additives producer did a $25m placement at 35c, a 4% discount to the previous close, with no sign of an SPP for its circa 3,000 retail shareholders. Market cap $190m in early 2025.

ARB Corp (ARB), $2.5b: listed in 1987. Great organic Australian success story and still run by the Brown family which launched the business in 1975 and retain a 6%. Have only recently surrendered chair but remain CEO. Foiled by their refusal to embrace hybrid AGMs.

Argo Investments (ARG): Australia's second biggest LIC insists on running dinosaur physical AGMs in Adelaide during the main season each year. See notice of meeting.

Arovella Therapeutics (ALA): Market cap $180m in early 2025. Ran a fully virtual meeting on November 10 in 2023.

Argosy Minerals (AGY): Physical meeting in Perth in May 2024. See notice of meeting. Market cap crashed from $500m to $42m in Jan 2025 with stock at 2c. Accumulated losses $69m and claims net equity of $94m.

Articore (ATG): 10am virtual meeting on October 24, 2024. See notice of meeting. Market cap $74m in early 2025.

AUB Group (AUB): Sydney-based insurance broker with a market cap exceeding $3 billion in 2024 after latest acquisition and capital raising. Have a history of doing physical AGMs and ran for their board in 2024 without attending the physical meeting in Sydney.

Aussie Broadband (ABB): 10.30am hybrid in Melbourne on October 24, 2024. See notice of meeting. The market cap was up to $1 billion by January 2025.

Austal (ASB): the big Perth-based ship building company had its physical AGMs in October at the Fremantle Sailing Club. See 2023 notice of meeting.

Austco Health (AHC): 10am virtual meeting on October 31, 2024 for the Port Melb-based company capitalised at $112m in early 2025. See notice of meeting.

Australian Agriculture (AAC): 10am on July 25, 2024. In 2023 they ran a physical AGM in Brisbane with a webcast but no live online participation. Have requested a proper hybrid in 2024 and they refused. Market cap circa $840m in early 2025.

Australian Clinical Labs (ACL): bought in last year but then sold again. Last year was fully virtual in October with no protest votes. See notice of meeting. Year end market cap $603m. No webcast archive just chair and CEO addresses from last two years here. Have requested full webcast archive in late 2022 email.

Bank of Queensland (BOQ): held a physical AGM in 2023 and did an earlier badly structured capital raising which diluted retail. Same again with dinosaur premature physical AGM in December 2024.

Beacon Lighting (BLX): 10am physical meeting in Melbourne on October 22, 2024. See notice of meeting. Market cap $650m. Bought in and was set to go but then got distracted on the day.

Bellevue Gold (BGL): Nov 17, 2023: held a physical AGM in Perth despite having a market cap above $2 billion at the time, but this has now dropped to around $1.2b in early 2025. See notice of meeting.

Biome (BIO): emerging bio-tech profiled on this Intelligent Investor podcast. Market cap $118m in early 2025.

Botanix Pharmaceuticals (BOT), $90.8m: dropped a $13.7m last day loss which lifted accumulated losses to $90.8m. Net assets are $108.7m and the market cap is $633m. Held a physical AGM in Perth on November 8 2023.

Bowen Coking Coal (BCB): capped at $250m with the backing of Rich Listers Brian Flannery and Hans Mende. Did a badly structured capital raising in December 2023 written up in this Intelligent Investor column. The last AGM was on Oct 23 in Brisbane with a livestream but no online participation.

Brisbane Broncos: May 17, 10am: physical meeting at Broncos League club. Questions can be emailed 5 days in advance for this News Corp controlled company. See notice of meeting.

Bubs Australia (BUB): Biden intervention to source baby milk supply. Market cap crashed to $89m in early 2025. Next AGM late November 2025. Lots of protests across the board in 2022.

Burgundy Diamond Mines (BDM): Physical only AGM at 11am in Sydney on May 21, 2024 - see notice of meeting. Voting results delivered 20% against board fee cap rise and 30% against placement capacity expansion. Market cap $228m on AGM day. Perth-based Canadian diamond miner which dropped a $10m last day profit which reduced accumulated losses to $39m. Net assets are $619.6m and the market cap is $192m with stock at 12c so needs more write-downs.

Buru Energy (BRU): May 19, 10am WST. Hybrid with physical meeting at Celtic Club in Perth. See notice of meeting. Market cap $77m having come off a lot.

Cann Group (CAN), $169.5m: dropped a whopping $51.2m last day loss which lifted accumulated losses to $169.5m. Net assets are $13.9m and the market cap is $21m. Ran a physical AGM in Melbourne in 2023 so next AGM October 2025.

Capricorn Metals (CMM): November 29, 2023: the gold miner was capitalised at $1.7 billion in June 2024 but held a physical AGM at the Perth Convention Centre last year. See notice of meeting.

Capstone Copper (CSC): admitted to the ASX200 in September 2024. Last AGM was on May 3, 2024 in Vancouver. Market cap has soared to $9.4b in early 2025.

Carbonxt (CG1), $102m: dropped a $8.1m last day loss which lifted accumulated losses to $102m. Net assets are $10.7m and the market cap is $26.6m.

Carlton Investments (CIN): 10am physical meeting in Sydney on October 23, 2024. See notice of meeting. Market cap $800m.

Charter Hall: November 16, 2023: 2.30pm physical meeting at level 20, 1 Martin Place in Sydney - see notice of meeting.

Clarity Pharmaceutical (CU6): held a physical meeting in Sydney in late November 2023. Cracked the ASX300 in September 2024.

ClearVue Technologies (CPV), $39m: Perth-based glass manufacturer which dropped a hefty $12.5m loss after the market closed on the last day of the season, lifting accumulated losses to $39m. Claims to have net assets of $19m and the market cap is a healthy $102m so it's well regarded. Ran a physical AGM in Perth on November 30, 2023.

Clinuvel Pharmaceutical (CUV): a remuneration report strike in 2022 after heavy Joe Aston coverage. They've failed to deliver a hybrid AGM format for years despite offering a webcast. Next AGM October 2025. Was 18% rem protest in 2022 and 23% against director Brenda Shanahan. See webcast of 2 hour 2022 AGM. Market cap $590m in early 2025.

Compumedics (CMP): 10.30am hybrid in Abbottsford via Zoom on October 31, 2024 so should attend in 2025. See notice of meeting. Market cap $50m in early 2025.

# Coronado Steel (CRN): May 26, 10am. Online meeting. Canadian based company with $3.4b market cap. Owns Curragh coal mine in Bowen Basin. See notice of meeting.

# Cyclopharm (CYC), May 17, 11.30am: fully virtual meeting. See notice of meeting. Capped at $177m in Jan 2024.

# * Dalrymple Bay Infrastructure (DBI): 10am: physical AGM at Christie Centre, 320 Adelaide St, Brisbane. Webcast but no facility for online questions. Market cap $1 billion. David Hammill up for election. See notice of meeting. No webcast archive or transcript provided.

Deterra Royalties (DRR): a physical meeting in Perth starting at 2pm on October 24, 2024. See notice of meeting. Market cap is $2 billion.

DigitalX (DCC), $48.3m: the Perth-based crypto fund delivered a last day $4.8m loss, lifting accumulated losses to $48.3m. Claims to have $37m of net assets broadly matching the $35m market cap with the stock at 4c. Ran a physical AGM on Nov 23, 2023 in Sydney and did it again in 2024.

### Dropsuite (DSE): consistent May hybrid AGMs: hybrid meeting with physical component at WorkClub, 477 Collins St, Melbourne. See 2022 notice of meeting. Market cap has soared to $325m by early 2025. Was still running hybrids in 2024, this time using Zoom.

Dubber Corp (DUB), $327m: dropped a $40.7m last day loss which lifted accumulated losses to $327m. Net assets are $17.5m and the market cap is $32m with stock at 3c.

Duxton Farms (DBF): 10am physical AGM in North Adelaide on the last possible day, November 29, 2024. See notice of meeting. Market cap $58m. No protest votes.

EBOS (EBO): failed to buy Greencross in November 2023 - see announcement. Ran a hybrid out of Auckland on October 24, 2023 and did the same via Computershare in October 2024.

# Electro Optic Systems (EOS): May 25, 9.30am. Hybrid with physical component at Fullerton Hotel in Sydney. See notice of meeting. Market cap $181m with stock at $1.03.

Emerald Resources (EMR): runs a gold mine in Cambodia and made a net profit of $66m last year. AGM was a physical on Nov 29 in Perth in 2023. See notice of meeting. Just cracked ASX300.

Energy Transition Minerals (ETC): it signed up the boutique advisory firm "Julie Bishop and Partners" a "strategic investor" to a broadly named company called "Energy Transition Minerals" (ETM) which has a market cap of $101m with the stock at 7c.

EnergyOne (EOL): 10am Sydney meeting. See notice of meeting. Andrew Bonwick CEO. Market cap $120m. AGM access arrangements a bit unusual.

Euroz Hartleys: biggest Perth focused broker with a market cap of $179m at the end of 2022. The most recent AGM was in November and a physical only affair. See notice of meeting. They have 2500 shareholders and barely any instos.

FBR Ltd (FBR) $114.2m: dropped a $27.8m last day loss which lifted accumulated losses to $114.2m. Net assets are $61m and the market cap is $187m despite shares being at 3c.

Firefly Metals (FFM): EGM in West Perth on May 20, 2024 at 8.30am on various capital raising proposals - see notice of meeting. Market cap $388m in late May 2024. Has a history of questionable capital raisings.

First Graphene (FGR): dropped a $5.8m last day loss which lifted accumulated losses to $111.6m. Net assets are $6.1m and the market cap is $33m. These company which have destroyed so much shareholder capital should be questioned.

Fluence Corp (FLC): May 26, 10am: physical only for this US DLC with Australian component held at BDO offices in Tower 4 of Collins Square, 727 Collins St, Melbourne. See notice of meeting. Market cap $161m with stock at 14c. Don't own. Dropped a $9.5m last day loss which lifted accumulated losses to $224.4m. Net assets are $3.2m and the market cap is $107m.

Freelancer (FLC): May 24, 4pm: Hybrid with physical component on level 37 of Grosvenor Place at 225 George St, Sydney. See notice of meeting. Market cap $161m with stock at 14c.

Frontier Digital Ventures (FDV): May 17, 1pm: fully online. See notice of meeting. Market cap $370m. Released proxies ahead of AGM. Market cap $200m in Jan 2024.

Frontier Energy (FHE), $26.5m: Perth-based company battling away on solar and battery projects but delivered a last day loss of $2.2m in August 2024 lifting accumulated losses to $26.5m. However, claimed to have $81m in net assets before launching a $40m placement capital raising in late August. Market cap was $112m so is hanging in there. AGM is in May each year. Did a raising where it announced firm commitments for a $40m placement at 25c with no plans for a follow-on SPP from the Perth-based Mark McGowan chaired aspiring renewables company. The first $16.8m tranche was unconditional whilst the second $23.2m tranche required shareholder approval at an EGM originally scheduled for October 8, although this meeting was subsequently cancelled along with tranche 2 after it failed to receive expected capacity credits, which triggered funding challenges. The pricing was a massive discount to the 46c closing price referenced in this AFR Street Talk column leaked ahead of time. The stock had crashed to 12c by October 4, giving it a market cap of $56.5m, partly due to this disappointing last day of the season $3.3m half year loss.

Gentrac (GNT): Kiwi software and billings play capitalised at more than $1 billion. Virtual AGM expected in February 2025.

Global Traffic Network (GTN): stock has underperformed since private equity exit. Next AGM is November 25 and Peter Tonagh is the chair. Market cap $116m and has been doing better into 2025. Ran a Sydney physical AGM in October 2024 and currently under takeover.

Gold Road Resources (GOR): 2pm Perth with online voting. Market cap $1.8 billion in Jan 2024. See notice of meeting.

# Graincorp (GNC): They ran a physical meeting in Sydney in on February 16, 2024. See notice of meeting. Never previously attended.

Grange Resources (GRR): May 11, 2022: physical meeting in Burnie, Tasmania. See notice of meeting. Market cap $492m with shares at 44c.

GWA (GWA): 10.30am physical meeting in Brisbane. See notice of meeting. Market cap $644m.

Helloworld (HLO): 10am virtual meeting with Martin Pakula on the board - see 2023 notice of meeting. Market cap $460m. Missed again in 2024, despite being a shareholder.

Highcom (HCL), $23.4m: Canberra-based body armour manufacturer which dropped a $12m loss after the market close on the last day possible in August 2024, lifting accumulated losses to $23.4m. Reports net assets of $31m, which is mainly cash, and had a market cap of $23m, suggesting concerns about more losses.

HUB24 (HUB): broke into the ASX100 in September 2024 and market cap had hit $5.7b by early 2025. 2024 hybrid AGM was held on November 21. Ran a hybrid out of Sydney in 2023 and did it again in 2024 but got jammed despite being on register.

Imdex (IMD): did a badly structured capital raising in early 2023 and market cap had reached $1.2 billion by early 2025. Its recent AGMs have all been physical gatherings in October with no webcast available afterwards.

Immutep (IMM): comprehensive slide pack accompanying $100m raising which comprised a $72m placement at 38c, a 15.6% discount to the previous close of 45c and a 1-for-16 non-renounceable at 38c with retail shareholders limited to overs of $50,000 or 100% of entitlement, which ever is higher. The $50,000 option is a rare and welcome innovation that benefits smaller holders. The funds are to support its clinical trials in a venture with US giant Merck. The 2023 AGM was on October 24 in Sydney with a webcast but no online voting or questions.

Imricor Medical Systems (IMR): May 4, 2024: virtual meeting for US based company when it should be a hybrid. See notice of meeting. Market cap had soared to $350m by early 2025. Record date will be 2 months ahead of AGM.

Infomedia (IFM): market cap $530m in early 2025 so has $350m+ of value with net assets of $150m. Private equity still have 20% and next AGM November 2025. Chair Bart Vogel keeps running physical meetings in Sydney. Link provided a webcast but no ability to ask online questions and no archive of old meeting available either. Co Sec advised there were no questions at the 2022 AGM.

Ingenia (INA): November 17, 2023: Sydney physical meeting at The Rocks - see notice of meeting. Same again in 2024 on November 14. See notice of meeting. Market cap $2 billion. Plenty of issues with its rapid growth and recent steep prices increases for occupants of its accommodation facilities.

Intelligent Monitoring Group (IMB), $90.3m: Perth-based security system company that delivered a $3.5m last day loss in 2023-24 which lifted accumulated losses to $90.3m. Claims to have net assets of $27.5m but with a market cap of $176m it has actually created real value overall.

IODM (IOD), $20.4m: dropped a $3.1m last day loss which lifted accumulated losses to $20.4m. Net assets are -840k and the market cap is $107m so lots of value created.

IPD Group (IPG): $65 million raising to fund a $101 million cables acquisition off listed company Excelsior Capital (ECL). The raising comprises a $40 million placement and a $25 million 1-for-13.65 non-renounceable at $3.93, a 6.4% discount to the previous close of $4.20. IPD shares had dipped to $3.87 by early 2025, giving it a market cap of $400m. Bell Potter was the sole under-writer and retail overs have been limited to 100% of entitlement in the $7.7 million retail offer. The next AGM will be November 2025 and the 2023 effort was a physical meeting.

IperionX (IPX): July 2024: ran a physical meeting in Perth on July 3, 2024, to approve a placement. Market cap has soared to $1.68b by early 2025. Did the same with its AGM in Perth on November 22, 2023. Is attempting to deliver a low cost US titanium supply chain and receiving plenty of government support along the way.

IVE Group (IGL): the printing giant seems to be doing okay since buying the assets of the old PMP, its chief rival, from creditors. Market cap $325m in early 2025 and this is a very upbeat AGM address from the exec chair. A shame it run physical only meetings in Sydney.

Judo Capital (JDO): sadly runs physical AGMs in Melbourne when it has a market cap of $2 billion. Yet to attend. See 2023 notice of meeting.

Kelsian (KLS): Adelaide-based bus and boat operator which is holding a physical AGM in 2023 despite having a market cap of $870m in early 2025.

Lark Distilling (LRK): unveiled an unusual $22.5m raising comprising a $6.5m placement at 85c, a 1.7% discount to the previous close of 86c, plus a $15m conditional placement to certain directors and new major shareholder Seppelts, subject to shareholder approval at an August 30 2024 physical EGM in Melbourne. Shifted to a hybrid AGM in October 2024 and stock has been performing well of late. See notice of meeting.

# Life360 (360): dual listed California-based company with a $5.1 billion market cap in early 2025. Runs virtual meetings with early record date so have already bought in. See notice of 2024 meeting on May 20.

Long Short Fund: fund manager with a market cap of $1.76b. AGM on November 14.

Lynch Group (LGL): Australia's largest flower company floated at $3.60 in 2021 raising $206m from the public but has struggled ever since, as was noted in this 2023 AFR piece. Commendably ran an accessible hybrid AGM on November 22, 2024. See notice of meeting.

Maas Group (MGH): controlled by Rich Lister Gary Maas and capitalised at $1.34b in June 2024 - held a hybrid meeting in October 2023. See notice of meeting.

Macquarie Technology (MAQ): ran a 9am physical AGM in Sydney on the last possible day in 2024. See notice of meeting. Market cap $2.1b. Just two items and no protest votes. Were also last day laggards in 2024.

Mader Group (MAD): held a physical only AGM at 9am on November 23, 2023 at Perth airport - see notice of meeting. Market cap was $1.3 billion by mid 2024. Controlled by a Rich Lister.

Maggie Beer Holdings (MBH): the premium foods group dropped a $28.2m 2023-24 last day loss at 10.10am, which lifted accumulated losses to $111.7m. Claimed net assets of $57m compared with a market cap of $23m with the stock at 6c.

Medibank Private: aiming for 2025 during the main season.

Metro Mining (MMI): Physical AGM at 11am in Brisbane on May 21, 2024 - see notice of meeting. Market cap $244m on AGM day. No material protest votes.

Micro-X (MX1): the former Santos CEO David Knox became chair up until retiring to his native Scotland in 2025 when Patrick O'Brien was appointed chair. The X-ray technology outfit had $122m in accumulated losses as at June 30 2025 and a $47m market cap in January 2025 when it claimed net equity of $12m, so there is hope.

Murray Cod Australia, $33.5m: produced a last day laggards loss of $6m on August 30, 2024 but with a market cap of $121m against net assets of $91m, the $33.5m in accumulated losses are okay. Physical AGM was held in Griffith.

Next Science (NXS): May 27, 10am: hybrid meeting with physical component at level 5, 1 Margaret St, Sydney. Market cap $106m. See notice of meeting. A listed biotech firm working up remedies for infections from Sydney HQ and in Florida. After the last day laggard loss of $US5.85m, it had $125m in accumulated losses, just $US7m of book equity but a market cap of $A58m. Hope?

Nick Scali (NCK): 11am physical meeting in North Sydney during the main 2024 season. See notice of meeting.

Novonix (NVX): 9am hybrid in Brisbane on April 17, 2024. See notice of meeting. Market cap $500m.

NRW Holdings (NWH): suffered a 50% rem strike at 2022 AGM but stock has been soaring over past 5 years ever since it pulled off a discount acquisition of the Golding business in Queensland private equity outfit CHAMP - see Eureka Report write-up at the time. Next AGM will be in November 2025.

Noble Oak Life (NOL), $71.4m: dropped a $9.3m last day profit which reduced accumulated losses to $26m. Net assets are $71.4m and the market cap is $135m so they've actually created shareholder value so far. They ran a hybrid AGM on November 26 in 2024.

# Nuchev (NUC), $98.2m: the St Kilda Rd-based healthy foods outfit Nuchev was a last day laggard on August 30, 2024, when it reported a $7.6m loss for the year and now has $98.2m in accumulated losses. Claimed net assets of $14m but with a market cap of $26m it hasn't quite joined the $100m loss club overall. The ran a virtual AGM via Zoom on November 28, 2024.

Optiscan (OIL), $75.2m: dropped a $6m last day loss which lifted accumulated losses to $75.2m. Net assets are $13.9m and the market cap is $163m.

Orthocell (OCC), $65.6m: dropped a $7.2m last day loss which lifted accumulated losses to $65.6m. Net assets are $4.5m and the market cap is $76.5m.

PainChek (PCK), $56.9m: dropped a $8.3m last day loss which lifted accumulated losses to $56.9m. Net assets are $1.29m and the market cap is $59m.

Paladin Energy (PDN): 1pm physical AGM in Perth on Nov 29, 2024. See notice of meeting. Market cap $3.1 billion. See entry on physical AGM dinosaur shame file list. No protest votes.

Pancontinental Energy (PCL): 1pm physical in Perth on Nov 29, 2024. See notice of meeting. Market cap $122m. Biggest protest 7% against rem.

Paradigm Biopharmaceuticals (PAR), $220.7m: dropped a $58.6m last day loss which lifted accumulated losses to $220.7m. Net assets are $23.8m and the market cap is $89m.

Paragon Care (PGC): held a fully virtual AGM in November 2023 and have just completed a merger which will more than double the market cap to more than $400 million.

Peet (PPC): 10am physical meeting in Perth. See notice of meeting. Market cap $600m.

Perseus Mining (PRU): Raised $3.5m in a 2004 float at 20c. Has prospered with gold projects in unfashionable Sudan, Ivory Coast and Ghana. Largest shareholders are index player Van Eck and T Rowe Price. Bought 313 at $1.58 on February 5, 2010. Sold 303 at $1.97 on March 17, 2010 for $60 profit. Have retained 10 shares ever since with no capital raising activity. Yet to attend AGM despite $3.5b market cap at end of 2024.

Peter Warren Automotive (PWR): October 31, 2023. Went to the trouble of hiring Link to delivers its webcast but then banned online voting and questions for some reason - see notice of meeting. Raised $260m at $2.90 in April 2021 but stock had crashed to below $1.80 by June 2024.

PharmAust (PAA), $64m: Melbourne-based company aiming to tackle MND but dropped a last day loss of $7.7m which lifted accumulated losses to $64m. Might only have net assets of $10.3m but the market cap is $87m so investors see hope and value.

Pioneer Credit (PNC), $80.6m: dropped a $10.3m last day loss which lifted accumulated losses to $80.6m. Net assets are $44.2m and the market cap is $76m.

PM Global Opportunities Fund (PGF): 1pm physical meeting in Sydney. See notice of meeting. Market cap $1 billion.

Pointerra, $24m: the 3D printing company lost $5.2m in 2023-34, has $24m in accumulated losses & reports 668k of negative equity. But the market cap is $52.3m. A winner!

Predictive Discovery (PDI), $66m: dropped a $10m loss on September 4, 2024 (5 days late) which lifted accumulated losses to $66m. Net assets of $170m against a market cap of $517m so they've clearly got great prospects.

Prophesy International (PRO): 10am virtual AGM Adelaide time on November 29 2024 via Computershare platform. See notice of meeting. Software outfit with $55m market cap. 10% against rem and 14% against extra 10% placement capacity.

PYC Therapeutics (PYC): announced a non-under-written 1-for-4 at 8c to raise a maximum of $74.6m. Chair Alan Tribe will take up his full $24.6m entitlement but there are no overs for retail shareholders. However, under S615 of the Corps Act, the directors have given Euroz Hartley 3 months to place any shortfall at no less than the 8c offer price and any premium achieved will be returned to the non-participants. There are around 3,200 retail shareholders. Went into the raising with 3.7 billion shares. Time for a 10-for-1 consolidation, perhaps? Market cap $317m based on 8c going into the raising. Claims to only have net equity of $30m in Feb 2024 accounts after accumulating losses of $133.2m. The market is clearly valuing the potential of its drug developments.

Queensland Pacific Metals (QPM): 11am physical meeting in Brisbane. See notice of meeting. Market cap $90m.

Radiopharm Theranostics (RAD), $111.3m: dropped a $47.9m last day loss which lifted accumulated losses to $111.3m. Net assets are $27.3m and the market cap is $70m.

Rand Mining (RND): 10am physical meeting in Kalgoorlie on Nov 29, 2024. See notice of meeting. Market cap $108m.No protest votes.

Recce Pharmaceuticals (RCE), $70m: working on synthetic anti-infectives but produced a last day $17.7m loss which lifted accumulated losses to $70 million and negative net assets of $9.5m. But with a market cap of $112m, there's clearly plenty of optimism.

Red 5 Mining (RED) The Perth-based gold miner did a shocking $125 million placement at 18c in 2020 with no SPP for retail shareholders. This comprised 55.8% of pre-raising capital and therefore needed shareholder approval. Was priced at a 23.4% discount to the last price and the stock was at 21c in mid May so the existing 4800 retail shareholders were badly diluted without compensation. The stock has been a wild ride since ranging between 15c and 44c but finished 2022 at around 21c giving it a market cap of $600 million. There was a big protest vote against director Kevin Dundo last year at a physical only AGM at the Celtic Club in Perth. No webcast archive provided here for 12,000 shareholders to access. Smorgon family are biggest holders with around 15%. Can't find an email contact anywhere.

Reef Casino Trust (RCT): May 27, 2pm. The owner of the Cairns Casino keeps holding physical only meetings on site but usually offers some special accommodation and dining deals to unitholders. See notice of meeting. Market cap $153m.

RPMGlobal (RUL): Made it into the ASX300 in September 2024. The 2023 AGM was a fully virtual affair in late in October.

Santana Minerals (SMI): strangely called a Perth EGM to approve a 3-for-1 share splice at one point. See notice of meeting. Market cap $295m in early 2025 so with the stock at 45c perhaps the share split wasn't so wise.

Sayona Mining (SAY), $118.7m: dropped a $139m last day loss which created accumulated losses of $118.7m. Net assets are $795m and the market cap is just $267m so big write-downs are needed.

Shine Justice (SHJ): October 26, 2023: noon start in Brisbane and did the same with a physical only meeting in 2024. See notice of meeting. Market cap $150m.

Sigma Pharmaceutical (SIG), will be attending scheme meeting on January 29, 2025 to approve Chemist Warehouse merger. Watch 38 minute webcast of 2023 virtual AGM. nly questions from ASA. 10% protest vote against rem report and director David Manuel.

Silex Systems (SLX): capitalised at $1.37 billion in early 2025 - ran a hybrid AGM out of Sydney on October 13, 2023. Did the same again in 2024, so should definitely participate in 2025 meeting as am already on the register.

SiteMinder (SDR), $632.8m: dropped a $25.2m last day loss which lifted accumulated losses to $632.8m. Net assets are $64.9m and the market cap was $1.6 billion in early 2025. Held a hybrid meeting in Sydney in 2023, but then reverted to a virtual in 2024. See notice of meeting.

Smart Parking (SPZ): Melbourne-based company capitalised at $300m which ran a virtual AGM via Zoom in November 2024.

Southern Cross Electrical (SXE): 9am physical meeting in Perth. See notice of meeting. Market cap $470m.

Southern Cross Gold (SXG): 11am physical meeting in Melbourne. See notice of meeting. Market cap $615m.

Spartan Resources (SPR): the Perth-based gold miner and explorer (known as Gascoyne Resources until 2023) launched an $80 million raising in April 2024, comprising a $47 million placement and a 1-for-17 non-renounceable to raise $33 million. The company was capitalised at $650m in April 2024 so very disappointed that it ran a physical AGM at the Celtic Club in Perth on November 23, 2023.

Superloop (SLC): made it into the ASX300 in September 2024. Held a hybrid AGM in Sydney on November 23 last year.

Symal (SYL): floated in November 2024, first AGM will be in November 2025. Market cap around $400m.

Syrah Resources (SYR), May 20, 10am: physical meeting only on level 24 of 385 Bourke St, Melbourne. See notice of meeting. Market cap $220m with stock at 21c and Australian Super has dropped $150m+ plus on its 33% stake.

Tamboran Resources (TBN): 9am virtual in the US for dual listed mining outfit. See notice of meeting. Record date was September 18. Market cap $300m.

Temple & Webster (TPW): 11am physical meeting at St Peters head office in Sydney. See notice of meeting. Market cap $1.55b.

Terracom, (TER), $229.6m: dropped a $24.9m last day profit which reduced accumulated losses to $229.6m. Net assets are $167.9m and the market cap is $152m. Held a physical AGM in Sydney in November 2023.

Terramin (TZN): May 26, 11am: physical meeting on level 7, 342-348 Flinders St. Melbourne. See notice of meeting. Market cap $78m with shares at 3c. Attend option.

The Market (MKT): the owner of HotCopper had a market cap of $101m by the end of 2022 and was becoming a more interesting company. See Rear Window wrap of the conflict. The 2022 AGM was a November 28 effort held virtually via zoom. Same again in 2023.

Titomic (TTT), $84.6m: dropped a $11.9m last day loss which lifted accumulated losses to $84.6m. Net assets are $1.03m and the market cap is $189m. Ran a physical meeting in Mt Waverley in November 2023.

Top Shelf International (TSI), $106.6m: the Melbourne-based spirits company focuses on whisky and has had a bruising experience, dropping $21.1m in 2023-24 with this last day effort, which lifted accumulated losses to a stonking $106.6 million. Claims to have net assets of $40.5m but the market cap is down to $24m with the stock at 7.3c.

# Tower Ltd (TWR): bought 260 at $1.93 on August 10, 2007. Sold 285 at $1.09 on February 24, 2009 to lose $290 and extras came either via DRP or scaled back capital raise. Lost $28 trading 834 around 2023 AGM but didn't attend then bought 417 at $1.20 in January 2025 ahead of February AGM. All up down about $320 in Auckland-based dual listed life insurer so they're well due for an AGM engagement.

Tribune Resources (TBR): 9am physical AGM in Kalgoorlie on the last possible day, November 29, 2024. See notice of meeting. Market cap $256m. Biggest protest 10% against employee incentive scheme.

Universal Store Holdings (UNI): 2pm physical meeting at Morgans in Brisbane. Chaired by Peter Birtles and market cap north of $500m. See notice of meeting.

Vinyl Group (VNL): used to be known as Jaxsta. Media, software and music outfit which held its 2023 AGM as a physical AGM in South Yarra in November. See notice of meeting. Market cap $100m in Aug 2024.

Viva Leisure (VVA): 9am hybrid in Canberra on October 24, 2024. See notice of meeting. Market cap $140m. There aren't many listed gym operator so should give it a crack in 2025.

Vulcan Energy Resources (VUL): in June 2024 they did a $65m placement to CIMIC, Gina Rinehart and the Smorgon family at $4.08, a hefty 19.7% discount to the last close of $5.08. CIMIC took $41 million, Gina $20 million to give her an overall holding of 7.5% and the Smorgons $4 million. No sign of any SPP for retail shareholders to participate on the same terms to help funds it lithium play in Germany. Ran a physical AGM in Perth on May 24, 2024, which was disappointing from a transparency point of view. Stock was at $5.40 in early 2025 giving it a market cap $1.14b.

Wellard (WLD), $146m: the Perth-based company provides shipping for live animal export and has former Gina Rinehart side-kick John Klepec as exec chair. It lost $1.1m for the 2023-24 year and now has $146m in accumulated losses and a market cap of $22 million with claimed net assets of $55 million. Enjoyed engaging with Klepec at other AGMs where he invited us to Wellard as well.

West African Resources (WAF): market cap exceeded $2b at the peak but was back to $1.7b by early 2025. Executive chair and no constitutional online or archive of past AGM recordings. Was a physical AGM in Perth in on May 10, 2024. See notice of meeting. Biggest protests 13.4% against 3 performance rights resolutions.

Westgold Resources (WGX): cracked the ASX200 in September 2024 when its market cap was $2.73b. The 2024 AGM was in Perth on November 28. Ran a physical meeting in 2023.

Worley (WOR): still yet to ever attend their AGM as they insist on physical meetings in Sydney.

X2M Connect (X2M), $32.9m: Mt Waverley based company chaired by Alan Stockdale. Dropped a $6.5m last day loss which lifted accumulated losses to $32.9m. Net assets are 544k and the market cap is $13.6m with stock at 3.7c. Ran a virtual AGM on November 28 in 2023.

Zimplats (ZIM): hybrid from JBerg starting at 11am South African time (7pm Melbourne time) on October 24, 2024. See notice of meeting. Market cap $1.64b. Check record date for 2025 meeting.

Copyright © 2025 The Mayne Report. All rights reserved

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