3 questions lodged at 2026 Jameson Resources (JAL) hybrid AGM
June 25, 2026
Below is the text of the 3 written questions submitted at the rushed 10 minute Jameson Resources (JAL) 10am AEST virtual EGM via Zoom on June 25, 2026 to approve 4 capital raising resolutions. See notice of meeting. Market cap $30m on EGM day. The proxies were disclosed early with these formal addresses showing no protest votes. With nearly 800 million shares on issue, this 10m share turnout in these poll results was just woeful. Pay attention and vote, shareholders!
Q1. How much money did we save by holding this virtual meeting on Zoom rather than using the excellent online meeting platform offered by our share registry provider Automic? Please pay up for Automic at the next AGM as Zoom is not a great experience for participating shareholders.
Answer: After an awkward silence, the respondent said they would get back to me later on the differing costs of both platforms. Watch video of exchange via Twitter.
Q2. Well done for disclosing the proxy votes early to the ASX along with the formal addresses, allowing for a more fully informed AGM debate. Whilst all 4 resolutions were comfortably approved the turnout of about 10 million shares was just 40% of the last AGM and less than 2% of total shares given that we have almost 800 million shares in total. Why was the turnout so low and how many of our nearly 600 shareholders bothered to vote by proxy before today's EGM?
Answer: The final two written questions were badly butchered and joined together. A threadbare response from chair Michael Gray who didn't deal with any of these element, mainly because they weren't even read out. Watch video of exchange via Twitter.
Q3. Why didn't we offer our more than 500 retail shareholders a chance to participate in this recent $3m placement on the same terms as the big end of town participants in the selective placement? Having refreshed our placement capacity, if we do another placement, will it be followed by an SPP for retail investors? What is our history in terms of including retail shareholders in capital raisings?
Answer: The chair Michael Gray also failed to read this one in full and provided no useful response. A good example of why someone other than the chair should clearly read out the questions sequentially. Let's hope they do an SPP with the next placement. Watch video of exchange via Twitter.
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