4 questions lodged at 2026 Aureka (AKA) virtual EGM
February 26, 2026
Below is the text of the 4 written questions submitted at the 15 minute Aureka Ltd (AKA) 11am zoom EGM held via this Vistra link on February 26, 2026 to approve 7 share issue resolutions. See notice of meeting. Market cap only $22m on EGM day. The proxies were not disclosed early because no formal addresses were given to the ASX and there were no material protest votes. No other shareholder asking questions about the company which aspires to extract gold in Victoria's Stawell gold province and has barrister Allan Myers as its largest shareholder with about 8%, presumably to protect his interests in the region.
Q1. Is the meeting being recorded and will a copy of the archive be made available for the benefit of shareholders unable to attend live?
Answer: The chair Graeme Hunt said this was not a legal requirement and wouldn't be happening. They've got 1,304 shareholders. Watch video of exchange via Twitter.
Q2. Why are we going with the "or nominee" language? Is anyone other than the proposed recipient going to receive this stock?
Answer: The chair Graeme Hunt didn't understand it and let company secretary Mathew Watkins explain that this is a standard legal flexibility whereby executives could put their shares in a company or a trust. He didn't mention using the partner to reduce tax which is common tactic. Watch video of exchange via Twitter.
Q3. How long are the lead managers compelled to hold these shares for?
Answer: The chair Graeme Hunt left this to out-sourced company secretary Mathew Watkins who said the 28c options for ticket clipper Alpine Capital were open for 3 years from the date of issue. Don't like this practice because it gives brokers an incentive to pump up the stock, exercise the options and then quickly dump the stock. The earlier $3.6m placement which was approved at the meeting was priced at 14c, against the current price of 13c. Watch video of exchange via Twitter.
Q4. Why wasn't there an SPP with this capital raise?
Answer: The chair Graeme Hunt offered up the usual lines, part of which appeared scripted, talking about the need for speed, windows of opportunity, costs, market conditions and the like. Watch video of exchange via Twitter.
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