3 questions lodged at 2026 Great Southern Mining (GSN) virtual EGM
May 16, 2026
Below is the text of 3 written questions submitted at the 16 minute Great Southern Mining (GSN) 11am virtual EGM held via Zoom on May 15, 2026. See notice of meeting to approve 7 capital raising items after recent $4.6m placement with no SPP. You had to email company secretary Mark Petricevic to be sent the Zoom but they also required lots of additional information just to get into the meeting. Computershare runs the register but weren't involved in the meeting. Market cap $23m on EGM day. Has got $30.6m in accumulated losses and net assets of $16.2m. The proxies were not disclosed early and no formal addresses were lodged with the ASX. There were no protest votes.
Q1. Why did you put so many barriers in front of shareholders who wish to attend this meeting? In future, please include the zoom link in the notice of meeting rather than requiring shareholders to email the company secretary and then jump through multiple additional unnecessary identification hurdles?
Answer: The company secretary butchered the question then waffled on about being a small cap trying to save money. He spoke of their history of having “prompt and efficient” meetings (ie no questions). However, he did acknowledge it might be a good suggestion to put the zoom link into the next notice of meeting. The link was apparently available on the company's website but who would know. The ASX announcements platform is the primary place for shareholders to go and 99% of company offering online meeting access put the actual URL into the notice of meeting. Watch video of exchange via Twitter.
Q2. Why weren't retail shareholders offered an opportunity to participate in the recent capital raising on the same terms as the placement recipients?
Answer: After finally managing to “do an unmute exercise”, Great Southern Mining CEO Matt Keane talked about Trump's war in Iran making capital raising difficult. He said the funds were needed to “expediate” exploration. Expedite, perhaps? All up, it was just the usual waffle about the need for speed and certainty. Absolutely no one would have been hurt if they'd bolted on an SPP for the 918 retail shareholders. Watch video of exchange via Twitter.
Q3. How many shareholders who are independent of management and the board managed to jump through all the hoops to make it onto this call today? Am I the only one?
Answer: This question wasn't asked even though company secretary Mark Petricevic initially promised all 3 written questions would be read in full, as requested. Watch video of EGM concluding without this question being asked.
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