Named and shamed: 168 last day laggard AGMs on November 30
December 4, 2024
This list tracks the disorganised companies which held their AGMs on Thursday, November 30, 2023, the last possible day under the law and the ASX listing rules for companies with a June 30 balance date. 30 had communicated with the ASX before the 10am opening of trade, 52 by 11am, 71 by 1pm and 40 which landed after 6pm. There were 3 more (Argenica, Korab Resources and Peppermint Innovations) who fessed up on December 1, hence the increase from 165 to 168. We've also tracked what they did in 2024 and it seems this name and shame list was very effective in changing practice in 2024.
333D Ltd (T3D): no protest votes against the 3D printing outfit. Shifted to November 7.
4DS Memory (4DS): just 2 pages from the chair and protest votes of 5-14% against all 8 resolutions. Market cap: $157.4m. Shifted to November 28.
Adherium (ADR): respiratory eheath hopeful with 18 slides and no early proxies. 27% rem strike, similar protest against a director and a rare share consolidation. Shifted to November 15.
1. Adisyn (AI1): used to be known as DC Two Ltd and no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
2. AD1 Holdings (AD1): just one page of formals. 18% against rem but Nick Smedley got back with 98%. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Alice Queen Ltd (AQX): 9.7% against an options grant the only protest. Shifted to November 15.
Altamin (AOI): no protest votes. Market cap: $20.4m. Delisted.
Alto Metals (AME): fairly uniform 15% protest vote against all 10 resolutions. Market cap: $30.7m. Taken over so delisted.
Argenica Therapeutics (AGN): AGM started in Perth at 4pm on November 30 so these results didn't land until December 1. Two protests of 26.5% against pay resolutions. Market cap 43.6m. Shifted to November 13.
Artrya Ltd (AYA): just 3 pages of formals from medical AI outfit. Two chunky protest votes. Love the company slogan: "Coronary artery disease. We see you". Market cap: $15.3m. Shifted to November 28.
3. Atlantic Lithium (A11): African lithium wannabe with 4 page "AGM Statement" but no early proxies. Rem strike amidst protests on 6 of these resolutions. Market cap: $315m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Atomos (AMS): chair address spruiks being a Swanston St based globally leading video technology company. 33% against rem on proxies so poll was strangely postponed until December 28. Two other similar protest votes. Shifted to November 28.
4. Audalia Resources (ACP): not a single protest vote against any of the 5 resolutions. Not one. Zero. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
5. Aumake (AUK): 12 items with 11 of them deemed to be 100% supported and one less popular item at 99.9%. There were still thousands of actual against votes, unlike the company above. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
AusCann (AC8): no protest votes. Delisted.
Australian Agricultural Products (AAP): no protest votes. Shifted to November 22.
Australian Pacific Coal (APC): 15 slides no early proxies. No protest votes and 99.8% against spill resolution. Clearly fixed the rem issue from last year. Shifted to November 27.
AXP Energy (AXP): no protest on either item. Shifted to November 22.
Azure Minerals (AZS): 22% against director fee cap rise. These 15 slides trumpeted the lithium miner's $1.76b market cap. So why the last day AGM? Market cap: $1.83 billion. Delisted.
Bathurst Resources (BRL): a skinny 2 pages from the chair. Only protest 14.5% against 10% expansion of placement capacity. Market cap: $187.5m. Shifted to November 27.
Beam (BCC): 13 slides, seem to be doing well. No second strike and biggest protest 7.5% against extra 10% placement capacity. Market cap: $16.4m. Shifted to November 28.
Betmakers (BET): see 4 page CEO address. No early proxies. 20% against rem, 17% against new constitution and minor protests against both directors. Market cap: $80.6m. Shifted to November 20.
Blackcat Syndicate (BC8): 37 pages of heavy spruiking slides from aspiring WA miner which claimed a $124m market cap. Only protest 12.6% against constitutional change. Actual market cap: $76m. Shifted to November 27.
Blackwall (BWF): no protest votes. Market cap: $30.6m. Shifted to November 1.
Bluebet (BBT): just 5 pages of text in these formals and no proxies. No protests on 10 items. Market cap: $38m. Shifted to November 28.
Bluechip Ltd (BCT): 22 slides, but no early proxies. Biggest protest 15% against CEO's LTI grant. Market cap: $16.5m. Granted an AGM extension until January 31, 2025.
Bounty Oil & Gas NL (BUY): no protest votes. Shifted to November 28.
BPH Energy (BPH): More than 99% in favour of all items. Market cap: $22.7m. Shifted to November 28.
Caravel Minerals (CVV): 19 upbeat slides from company that touts itself as Australia's next big copper producer. No protest votes. Market cap: $99.6m. Shifted to November 25.
Careteq (CTQ): only protest 15% against approval of prior options issue. Shifted to November 28.
6. Cardiex (CDX): 26 slides, no early proxies and no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Carly Holdings (CL8): skinny 8 paragraphs from chair and no protest votes. Suspected so no AGM.
Cauldron Energy (CXU): no protest votes. Market cap: $20.4m. Shifted to November 28.
Chilwa Minerals (CHW): 100% in favour of all 3 resolutions, so literally zero against votes. Market cap: $10m. Shifted to November 7.
7. ClearVue (CPV): 23 slides but no proxies. No protests after rem strike last year. Market cap: $104.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Conico (CNJ): no protest votes. Shifted to November 28.
Cosmo Metals (CMO): no protest votes. Shifted to November 19.
Constellation Technologies (CT1): no protest votes. Released these 15 slides after the AGM for some reason. Shifted to November 28.
8. CZR Resources (CZR): no protest votes. Market cap: $54.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
9. Dart Mining (DTM): 19 slides, no early proxies. No protest votes in 10 resolutions but need percentages added. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
10. Dalaroo Metals (DAL): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Dateline Resources (DTR): 2 page chair address from Mark Johnson AO. No major protests or percentages in these voting results. Market cap: $13.1m. Shifted to November 26.
Delorean Corp (DEL): 27 slides, no early proxies from Perth-based "bio-energy pioneer" with no female directors. 38% against ratification of earlier share issue. Shifted to November 28.
Design Milk Co (DMC): 100% in favour of all resolutions but there was 1 proxy vote, yes 1, against the rem report. Was swamped by 11m in favour. Delisted.
Dorsavi (DVL): 9 slides rom outfit focused on helping with spines. Caroline Elliott on the board. A 66% remuneration against vote on the proxies finished at just 7% after a big floor vote. No other protests. Shifted to November 27.
11. Eden Innovations (EDE): 34% rem strike was the biggest of several protests. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Emperor Energy (EMP): no protest votes. Shifted to November 7.
Empire Resources (ERL): just 8 paragraphs from the chair. Very narrow rem strike. Shifted to November 28.
12. EMU NL (EMU): an upbeat 27 slides but still a 59% rem strike and withdrawn share consolidation resolution amidst other protests. The NL is very prominent too. Terry Sweeter on the board. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Equus Mining (EQE): the Sydney-based outfit adjourned its AGM until February 29 after only giving notice of the meeting on November 28. However, they snuck through the re-election of director David Coupland before the adjournment. Shifted to November 15.
Everest Metals (EMC): 27 optimistic slides with no early proxies. Market cap: $14.4m. Shifted to November 28.
EverGreen Lithium (EG1): no protest votes. Market cap: $33.5m. Shifted to November 7.
13. Far East Gold (FEG): no protest votes. Market cap: $41.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Felix Gold (FXG): no protest votes. Market cap: $10.8m. Shifted to November 28.
Flynn Gold (FG1): no early proxies in this preso. No protest votes. $11.3m. Shifted to November 20.
Freehill Mining (FHS): 2 pages from chair of aspiring magnetite miner in Chile. No protest votes. Shifted to November 25.
14. Golden Deeps (GED): literally not a single vote opposed any of these 3 hard to read resolutions. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
15. Golden Mile Resources (G88): 12 slides, no early proxies, but no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Gratifii (GTI): just 3 pages of formals from the Surry Hills-based loyalty company with no proxies. No protest votes. Market cap: $10.6m. Shifted to November 25.
Great Divide Mining (GDM): 14 slides, no proxies. No protest votes. Market cap: $10.4m. Shifted to November 19.
Great Western Exploration (GTE): no protest votes. Shifted to November 28.
Greenstone Resources (GSR): across the board protest votes including a rem strike. Delisted.
Hearts & Minds Investments (HM1): 10% against all 3 directors, Chris Cuffe, David Wright and Guy Fowler and pre-lodged these 14 slides with no early proxy disclosure. Market cap: $526.2m. Shifted to November 27.
16. Heavy Minerals (HVY): 2 protests of 16% and 20% against consideration shares and Adam Schofield's options. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Helios Energy (HE8): double digit protest votes against two directors. Market cap: $164m. Shifted to November 28.
17. Hexagon Energy Materials (HXG): 18 slides but no early proxies. 15% against placement expansion. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Identitii (ID8): across the board protests and narrowly missed a rem strike. Shifted to November 26.
Impact Minerals (IPT): 24 hard marketing slides from this lithium wannabe. Only protest was defeat of 10% placement expansion which needed 75% but only got to 66% support. Market cap: $31.5m. Shifted to November 27.
Impedimed (IPD): Brisbane-based medical tech outfit. 16 slides but no early proxies. 20% against rem and one director item withdrawn. Market cap: $243m. Shifted to November 19.
Imugene (IMU): no early proxies in these 14 fancy slides and protests of 18-25% against 7 of the 8 resolutions with only director Kim Drapkin into the 90s. Market cap: $587.5m. Shifted to November 14.
18. Incentiapay (INP): 20 slides including early disclosure of proxies. There were no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Indiana Resources (IDA): more than 97% in favour of all 12 resolutions. Market cap: $35.5m. Shifted to November 21.
19. Intra Energy (IEC): biggest protest 10% against rem. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Javelin Minerals (JAV): no protest votes. Market cap: $10.8m.
Jupiter Mines (JMS): 37 slides including early disclosure of proxies. Results showed 18% against director Scott Winter. Market cap: $333m. Shifted to November 28.
Kingsgate Consolidated (KCN): 15 slides from CEO which claimed the Thai gold miner had a market cap of $367m. 13% against Thai director, 10% against rem but no probs with 50% on market buyback. Actual market cap: $318m. Shifted to November 26.
Knosys (KNO): 12 pages from CEO, no proxies. Narrowly missed a rem strike but director scored zero against votes. Shifted to November 28.
20. Korab Resources (KOR): Perth-based magnesium wannabe which didn't drop these results with the ASX until December 1. No protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
21. Krakatoa Resources (KTA): no protest votes. Market cap: $22.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
22. K-TIG (KTG): 11% against rem report. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Lake Resources (LKE): no early proxies in these 12 slides. Lots of protests including 49% against rem report. Market cap: $220.5m. Shifted to November 21.
Lakes Blue Energy (LKO): no protest votes above 10%. 2024 AGM delayed until December 9 so even worse than a last day laggard.
Live Tiles (LVT): 18 pages, no proxies. 9 double digit protest votes with biggest 48% against rem report. Delisted.
Liontown (LTR): 37 slides with no early proxies and no protest votes. Market cap: $3.36 billion. Shifted to November 27.
23. Macquarie Technology (MAQ): a serious company which managed a 4 page chair address. Missed a rem strike by a fraction and for some reason both directors were deemed approved by the old show of hands. Market cap: $1.56 billion. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Macro Metals (M4M): no protest votes. Market cap: $12.3m. Shifted to November 26.
Magnis Energy Technologies (MNS): 13 slides, no proxies. 2 director share issue resolutions were defeated. Broad protest votes across 11 resolutions. Market cap: $69.5 with stock at 0.4c. Should do a share consolidation. Long term suspected so no AGM details as yet.
Mako Gold (MKG): 10% protests across the board and withdrew name change resolution. Shifted to November 28.
Mandrake Resources (MAN): no protest votes. Market cap: $25.2m. Shifted to November 26.
Maximus Resources (MXR): just 2 pages from chair, plus 21 slides, but no early proxies. No protest votes. Market cap: $15.7m. Shifted to November 7.
Mayne Pharma (MYX): 42 slides which included early disclosure of the proxies. Well done. 34% rem strike and 31% against CEO's LTI grant. Market cap: $393m. Shifted to November 7.
24. MCS Services (MSG): 33% against director Adam Poulter. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
25. Metals Australia (MLS): looks like a couple of 7% protests in these hard to read results. Market cap: $23.7m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
MGC Pharma (MXC): no protest votes. Market cap: $25.7m. Delisted.
26. Microba Life Sciences (MAP): 27 slides, no early proxies and no protest votes either. Market cap: $95.6m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
MicroX (MX1): 5 pages from the chair and 20 slides from CEO. No protests on any of these 12 resolutions. Market cap: $64.7m. Shifted to November 12.
27. Middle Island (MDI): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Midway Ltd (MWY): a Victorian tree-lopper chaired by former AWB CEO Gordon Davis. 34 slides but no early proxies. 12% against rem and both directors had double digit protest votes. Market cap: $66m. Shifted to November 28.
Mighty Kingdom (MKL): the games maker copped a big remuneration strike. Shifted to November 27.
Minrex Resources (MRR): rem strike, director election resolution withdrawn and lots of other protest votes. Market cap: $23.8m. Shifted to November 8.
28. Moho Resources (MOH): 38% rem strike and Terry Streeter withdrew his board nomination. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Mt Burgess Mining (MTB): only protest 15% against ratifying prior share issue. Shifted to November 28.
My Foodie Box (MBX): no protest votes. Long term suspended so no AGM details as yet.
N1 Holdings (N1H): no protest votes. Market cap: $15.8m. Shifted to November 12.
Nagambie Resources (NAG): 27 pages but no early proxies. 12 resolutions and protests against director options ranged between 13-20%. Market cap: $14.5m. Shifted to November 27.
Nelson Resources (NES): no protest votes after rem strike last year. Shifted to November 22.
Netlinkz (NET): 14 resolutions but only protest 9% against a director incentive grant. Geoff Raby is on the board. Market cap: $25.3m. Long term suspended so no AGM details as yet.
Neuroscientific Biopharmaceuticals Ltd (NSB): ridiculously long name. CEO lodged these 16 slides with no early proxies. There were no protest votes. Market cap: $10.3m. Shifted to November 6.
New Zealand Coastal Seafoods (NZS): 15% against share grant to chair and 17% against changing LTI terms. Long term suspended so no AGM details as yet.
Nex Metals Exploration (NME): no protest votes. Shifted to November 25.
Norfolk Metals (NFL): no protest votes. Shifted to November 28.
Noumi (NOU): 30 slides, no votes. 3 options resolutions almost defeated amidst other protest votes. Market cap: $26.6m. Shifted to November 12.
29. NT Minerals (NTM): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
30. Nucoal Resources (NCR): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Oakridge International (OAK): no protest votes. Shifted to November 21.
31. Oar Resources (OAR): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Octava Minerals (OCT): no protest votes. Shifted to November 27.
Opthea (OPT): see 2 page chair address. 3 options resolution copped 22% protests and 11% against rem report. Market cap: $275m. Shifted to November 15.
32. Otto Energy (OEL): no protest votes. Market cap: $81.5m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Pantera Metals (PFE): no protest votes. Shifted to November 18.
Parkway Corporate (PWN): a flashy 30 slide preso but no early proxies from water treatment company. 3 modest protest votes against executive incentive resolutions. Market cap: $25.1m. Shifted to November 27.
33. Peak Rare Earths (PEK): 20 slides, no proxies and only one minor 7% protest in 9 resolutions. Market cap: $98m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
34. Peppermint Innovation (PIL): held the meeting on November 30 but took until 2.42pm on December 1 to disclose these voting results with not one vote against all 3 resolutions. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Perpetual Resources (PEC): only 2 pages from executive chair. 29.4% against 10% placement cap expansion so it was defeated due to need for a 75% super majority. Shifted to November 27.
Pinnacle Minerals (PIM): no protest votes. Shifted to November 27.
Polymetals Resources (POL): no protest votes. Market cap: $47.2m. Shifted to November 15.
35. Power Minerals (PNN): announced withdrawal of David Turvey election ahead of meeting. No protest votes. Market cap: $22.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Prestal Holdings (PTL): 3 pages from chair and 13 slides, but no early proxies despite no protest votes. Market cap: $69m. Shifted to November 14.
36. Prime Financial Group (PFG): hybrid in Melbourne with all 6 resolutions above 90%. Market cap: $45.6m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Provaris (PV1): 13 slides, no early proxies. No protest votes. Market cap: $26.4m. Shifted to November 28.
37. Pure Hydrogen (PH2): 22 slides, no early proxies. 9.5% against rem but no worries for director Adam Giles. Market cap: $46.2m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Rare Foods (RFA): 27 slides including 7 disclosing the proxies early. Well done. There were no protest votes. Shifted to November 27.
38. RareX (REE): biggest protest was 18% against rem report. Market cap: $19.8m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Regal Asian Investments (RG8): only protest 10.5% against director David Jones. Market cap: $364.5m. Shifted to November 25.
Regeneus (RGS): 9 slides focused on upcoming merger. 19% against rem, 12% against LTI grant and 10% against a director. Shifted to November 26.
39. Renegade Exploration (RNX): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Renu:energy (RNE): hydrogen play with 33 slides, no proxies. Massive 88% rem strike and 37% against directors Susan Oliver and Tony Louka. Shifted to November 28.
Resources Energy Group (REZ): no protests and results disclosed with shares and shareholders. Well done. Shifted to November 26.
Retail Food Group (RFG): 32 slides from CEO and 12 slides from chair, but no early proxies. Has smoked $500m for investors as was explained in The Money Cafe podcast. No protest votes. Market cap: $137.5m. Shifted to November 28.
Rivers Gold (RGL): 13% against approving prior issue to a corporate. Market cap: $10.5m. Shifted to November 28.
40. Sabre Resources (SBR): no protests but results slide was on its side. Market cap: $15.4m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Savannah Goldfields (SVG): 23 slides, no proxies. 18% against rem report but outside candidate failed to crack 4%. Market cap: $10m. Suspended so AGM not held yet.
Sayona Mining (SYA): lithium wannabe with 45,000 shareholders. See 30 slides, no early proxies. 48% rem strike, defeated new constitution, director James Brown almost thrown out and other protests. Wow. Shifted to November 28.
41. Scorpion Minerals (SCN): one minor 7% protest against an incentive grant. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Senetas (SEN): no early proxies in these 22 slides. Two double digit protests against CEO's LTI grant and board fee cap rise. Shifted to November 15.
Silver Mines Ltd (SVL): 27 slides, but no proxies. 3 protests of around 10% against rem related items. Market cap: $231.7m. Shifted to November 26.
42. Sprintex Ltd (SIX): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
State Gas (GAS): a Richard Cottee chaired outfit with brief formals. No protest votes. Market cap: $35.6m. Shifted to November 21.
Stellar Resources (SRZ): no protest votes. Shifted to November 12.
Strike Resources (SRK): a Farooq Khan chaired company with no protests. Market cap: $15.9m. Shifted to November 28.
Summit Minerals (SUM): no protest votes. Shifted to November 27.
43. Surefire Resources (SRN): 20 slides with no proxy disclosure. There were no protest votes. Market cap: $16.5m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Talga (TLG): 1 page address from fill-in chair as permanent chair was double booked. Narrow rem strike and 37% against CEO's LTI grant. Market cap: $373.4m. Shifted to November 22.
44. Tasman Resources (TAS): 17% against rem report. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
45. Terra Uranium (T92): 2 pages from executive chair and no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Terrain Minerals (TMX): 8am start in Perth only protest 21.6% against director Johannes Lin. Shifted to November 28.
Tiny Beans (TNY): see 29 slides. A range of protests including 14% against rem and 29% against director Catherine Cohen. Market cap: $12.6m. Shifted to November 14.
46. Toro Energy (TOE): 4 protests in the 30s with director Richard Patricio particularly unpopular. Market cap: $52.6m. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
Transmetro Corp (TCO): no protest votes. Market cap: $23.4m. Shifted to November 22.
47. Trigg Minerals (TMG): only protest 11% against extra 10% placement capacity. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
VDM Group (VMG): 10% placement capacity expansion resolutions usually run into trouble but this one had 2.87b votes in favour and just 75,000 against. No protests votes. Long term suspended so no AGM details as yet.
48. Vertex Minerals (VTX): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
VGI Partners Global Investments (VG1): no protest votes. Market cap: $517m. Shifted to November 28.
Wide Open Agriculture (WOA): 20 slides but no early proxies. No protest votes. Market cap: $28.8m. Shifted to November 28.
Winsome Resources (WR1): 12 slides claim an "undiluted market cap of $200m". Modest protests with biggest 15% against director Justin Boyson. Market cap: $198m. Shifted to November 28.
Wotso Property (WOT): no protest votes. Shifted to November 8.
49. Xantippe Resources (XTC): no protest votes. Very disappointing to go back to back as a last day AGM laggard in 2023 and 2024.
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