Gold miners are red-hot, and you can’t blame fund managers for dusting up small but promising bets in their portfolios for some extra TLC.
At Koonenberry Gold, a NSW gold explorer capitalised at $71 million on the ASX, this has set off a revolt from a long-time shareholder, who is seeking to replace directors, block the remuneration plan, and push for a share consolidation. Emanuel Datt’s Melbourne-based Datt Capital and his private vehicle, Abadi Investments, own 12 per cent of Koonenberry’s shares, and over the long weekend requisitioned a general meeting in line with the 249D section of the Corporations Act.
Loading…