4 questions lodged at 2026 Akora Resources (AKO) virtual AGM
May 30, 2026
Below is the text of the 4 written questions submitted at the Akora Resources (AKO) noon Melbourne time virtual AGM via the Link platform on May 29, 2026. Market cap $15.5m on AGM day. No protest votes last year. Accumulated losses of $24.1m and net assets of $15.5m as of December 31, 2025. See notice of meeting detailing 10 resolutions. The proxies were not disclosed early in the formal addresses. Copped a 26% rem strike and incentive grant to Peter Bird only sneaked home with 51.5% support. Waiting for the webcast archive to add the other three answers.
Q1. At next year's AGM, please lodge the formal addresses and proxy votes with the ASX ahead of commencement to allow for more fully informed questions. Why did the chair feel the need to make his clarifying video on May 26 and have there been any material protest votes against any resolutions today, including this remuneration report item?
Answer: Trouble was clearly in the air. Copped a 26% rem strike and the incentive grant to Peter Bird only sneaked home with 51.5% support.
Q2. Why did you delay this year's AGM until the last possible day, Friday May 29? The last day is a notorious hang out for disorganised or loss-making companies seeking to avoid scrutiny. There are 46 public company AGMs today, the most on any day so far this year. I'm juggling 4 AGMs simultaneously at noon so will you at least publish a full copy of the webcast online so shareholders who couldn't attend live can catch up on the debate later. And will you undertake to have an earlier AGM next year?
Answer: The chair... Watch video of exchange via Twitter.
Q3. Why do we continue to signal a preference for raising capital through selective placements, rather than doing pro-rata raisings which treat all shareholders equally and don't require any specific shareholder approvals, such as this one? Please focus on pro-rata raisings in future and don't ask for this extra 10% placement capacity at next year's AGM. If you do a future placement, will retail shareholders be offered an SPP?
Answer: The chair Graeme Hunt admitted they had done "a few" standalone placements over the years but also pointed to the current entitlement offer. Watch video of exchange via Twitter.
Q4. What is our history of doing placements and SPPs. It would better if you just stuck with the 15% placement cap each year, rather than putting up two separate placement resolutions today which suggest you favour placements over pro rata raisings, which are fairer to all shareholders.
Answer: The chair... Watch video of exchange via Twitter.
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