5 questions lodged at 2025 Santana Minerals hybrid AGM
November 27, 2025
Below is the text of the 5 written questions submitted at the 35 minute Santana Minerals (SMI) 10am Perth time hybrid AGM via Link platform on November 19, 2025. Ran a hybrid in NZ in 2024. See notice of meeting and voting results with biggest protest 11.5% against rem report. The proxies were not disclosed early in the formal addresses. Market cap almost $700m after cracking recent performance. Chair Peter Cook made two references to non-binary. Emailed requesting access to AGM webcast archive on November 23 and they delivered this on November 27.
Q1. It is very cheeky of you to seek this approval to refresh the placement capacity after you just shafted your retail shareholders by rejecting $15m of their $18m in share purchase plan applications. This was after you had pocketed $60 million from big end of town institutional shareholders. On what basis was a piddling $3 million SPP allocation to retail on a $63 million raise fair and why should retail shareholders vote for this resolution which just gives you more capacity to shaft us again in favour of the big end of town?
Answer: The question was badly censored and blokey chair Peter Cook made no coherent defence of the situation anyway. Watch video of exchange via Twitter.
Q2. What is Emma Scotney's personal history when it comes to treatment of retail shareholders in capital raisings? Was the recent decision not to lift the ridiculously low $3m SPP can the time she has been involved with a board which stuck rigidly to an announced SPP cap when there were over-subscriptions. Also, could Emma please explain how it was fair to only allocate $3 million of a $63 million capital raising to retail shareholders. How did we not even deserve to be given 5%?
Answer: The blokey Santana Minerals chair Peter Cook made 2 gratuitous references to non-binary at today's 35 minute hybrid AGM. This question was badly censored and then Cook spoke on Emma Scotney's behalf. Watch video of exchange via Twitter.
Q3. What is CEO Damian Spring's history in terms of past vesting of incentive grants?
Answer: The blokey chair Peter Cook provided a reasonable response, speaking on CEO Damian's behalf. Watch video of exchange via Twitter.
Q4. Thank you for offering a hybrid AGM today and will a fully copy of the webcast be made available on your website for the 98% of shareholders who were unable to tune in live. Next year could you also please disclose the proxies early along with the formal addresses.
Answer: The blokey chair Peter Cook... Watch video of exchange via Twitter.
Q5. When did we last tender the audit and when are we next intending to tender the audit?
Answer: The question wrangler was the worst censor we encountered on this 10 AGMs day. He totally butchered multiple questions but did manage to read out this really short one on the audit. Of course they haven't tendered KPMG's role for many years. Watch video of exchange via Twitter.
Copyright © 2025 The Mayne Report. All rights reserved
