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Dave King SA TV Interview


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Should be placed on the agenda of the AGM, should the EGM fail to materialize?

 

I imagine the board already hold the power to issue any unissued shares.

 

It's a pretty standard item in most companies agendas at their AGM's both that an the authority to buy back a companies own shares.

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That is an almightily overused sentence these last few years. And you know full well why King was not able to "put up" until a few months ago.

 

Maybe we utilize "Talk is cheap!" from now on?

 

Well there's been an awful lot of talk from King the last few years.

 

I'm aware it's not all been his own fault but talk is cheap as you say.

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Well there's been an awful lot of talk from King the last few years.

I'm aware it's not all been his own fault but talk is cheap as you say.

 

I disagree that there has been an awful lot of talk over the last few years from DK. He has said a few things that have stoked the fire but I would say two or three a year at most. (It's a bit like the Trappist monk who takes a vow of silence, but is allowed to talk once a year. After the first year he asks to have his morning fried eggs changed to scrambled. After the second year he asks for a new pair of sandals as his are worn. After the third year he asks for a new toothbrush. On the fourth year he says he wants to quit - he has had enough. His father superior says "Thank God for that - you've done nothing but moan since you got here").

 

As for "put up or shut up" - surely the one person that should not apply to is King. He is the only one I can recall who 'put up' to the tune of £20m in proper 'green backs' which I can't remember anyone else doing without looking for a return.

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