A majority vote by 1% is not enough to make change. A miner party there to make money has the ability to generate higher prices. If they could not then why buy in to a government run company that can run at 0% profit
v8_mopar,
Apr 25, 1:04am
not true
tonyrockyhorror,
Apr 25, 1:07am
No, only if the company constitution or bylaw requires a greater than mere majority of voting shares to make a change does the situation you are claiming exist. That is simply not the case - the government will be retaining the controlling share as they have stated since before the last election. So clearly there is no such requirement in the company documents.
v8_mopar,
Apr 25, 1:11am
The government is keeping 51% to make it look like they are not selling out and lose votes for it. At the end of the day they will be the biggest owner but they dont have the control like you think.
Wait for the power price to go up then tell me we have full control
bellky,
Apr 25, 1:12am
What a laugh. 10% will get you a Director on the Board in some corporations. 20% is considered 'significant influence' and carries with it the opportunity to appoint multiple Directors. Wake up.
bellky,
Apr 25, 1:15am
Directors are the Governance of Corporations!
tonyrockyhorror,
Apr 25, 1:22am
You believe whatever left wing propaganda you like, as you clearly do, but you're still wrong. Control will remain entirely in the hands of the Government of the day through their >50% voting shareholding.
elect70,
Apr 25, 1:23am
Us motoringpeople have better things to dothan go waving banners down qeen street. Leave that to rent a mob
bwg11,
Apr 25, 1:27am
Yep, you can guarantee Bradford, Minto, Norman and all the other left leaning discontents will be there.
v8_mopar,
Apr 25, 1:28am
egg on your face. Dont start crying once you learn the truth
bellky,
Apr 25, 1:31am
YOU are wrong. You do not know what you are talking about.
I used to be Right Wing to the bone. However over the last 15 or so years I have spent a lot of time with mature wealthy people, travelled overseas, and acquired a First Class Honours Degree in Accounting. I can assure you I am now a Lefty to the bone.
Wake up.
ninja_man,
Apr 25, 1:40am
no, tony is ALWAYS right, never wrong. sheeze
xpfairmont,
Apr 25, 1:51am
that's what the naive think
hutchk,
Apr 25, 1:53am
A party of miners! What do miners have to do with this!
socram,
Apr 25, 3:08am
I was wondering that too.Take the thread to opinion and politics - please.
bellky,
Apr 25, 3:11am
Miners, monors, whatever. We knew what you meant.
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