Stephen Mayne

The AFR called re Commsec spruiking SpaceX: “If it goes pear-shaped, if there’s a tech correction, there could be tens of thousands of shareholders who’ve bought into this thing thinking it’s a credible valuation because it’s coming from CommSec.” afr.com/companies/fina…

Enjoyed today's 4 virtual AGMs. The next 3 days will be crazy busy as the AGM mini-season for December 31 balance date companies wraps up on Friday. Here's the full calendar. Free to all and available nowhere else: maynereport.com/articles/2024/…

At last, Credit Corp has found a new chair in Greg Cooper. Thought they'd need the fire brigade to eventually get former NRMA CEO Eric Dodd out of there: announcements.asx.com.au/asxpdf/2026052…

Frontier Digital Ventures (FDV) is holding a 4pm AEST "hybrid AGM" in KL tomorrow. Voted via MUFG on all 13 resolutions on April 26 and appointed Anwar Ibrahim as proxy. Market cap is $157m. They only announced these online access details yesterday: announcements.asx.com.au/asxpdf/2026052…

Lindian Resources (LIN) is an aspiring Malawi rare earths miner capitalised at $1.32b. It held a dinosaur physical EGM in Perth yesterday to approve a placement and 3 generous incentive grants to directors. They copped 40-44% against all 4 resolutions: announcements.asx.com.au/asxpdf/2026052…

Metalstech (MTC) held a hostile physical EGM at 10am in Perth yesterday to vote on proposed removal of director Candice Stevenson. It was supported by 99.92% of voting shareholders. Candice is even less popular than me at AGMs!! The market cap is $64.5m announcements.asx.com.au/asxpdf/2026052…

Lobbed these 5 written questions at 48 minute De.mem (DEM) virtual AGM via Zoom this arvo. Was the only shareholder asking live questions although they dealt with some pre-AGM questions & displayed scripted responses as they were read. Here's the wrap: maynereport.com/articles/2026/…

Strong support in the comments here for a lift in the pathetically low 2.5% WA gold royalty rate after the price soared 1300% compared to Howard and Costello's 1997 gold fire sale. That RBA stake would be worth $36.7b more today if they'd hung on: crikey.com.au/2026/05/26/gas…

Asked De-mem to commit to an SPP if they do an upcoming placement after getting authority for an extra 10% placement capacity at today’s AGM. CEO Andreas Kroell was reluctant to commit but he heard the message. Was the only one of the 1061 shareholders asking live questions.

Latest Roy Morgan Federal poll is out. ALP primary dropped 2% to 27.5%, LNP Coalition support dropped 1% to 23% - Libs 21% (unchanged) & Nats 2% (down 1%). One Nation increased 1% to 25.5%, Greens up 2% to 13.5% & indies/other unchanged on 10.5% roymorgan.com/findings/10231…

No insight from anyone at De-mem as to what caused multiple 10-12% remuneration protest votes at today’s virtual AGM. Corporate voting in Australia is not a secret ballot. You can ring the protesting shareholders and inquire as to the source of their concern.

Every director has a record when it comes to treatment of retail shareholders in raisings. Asked long-serving De-mem director Michael Edwards to summarise his. Reckons he’s done about 30 & between 1/3 & 50% have included retail participation. 15 standalone placements is a lot.

Vistra supplied De-mem cosec Tony Di Pietro declined to say how much they saved the company by not using the excellent online meeting platform offered by their share registry provider Link/MUFG. Having knocked back head count poll data 2 days ago, followed up on that issue too.

German sounding but Oz citizen De-mem boss explains foreign/local split on their 5 man board and the history as to how they finished up listing on the ASX in 2018. Turns out we’re a dry place so a big market for their water treatment technology.

De-mem is displaying on Zoom the scripted responses to pre-AGM shareholder questions that are being read out by the CEO. Unusual. Unscripted live Q&A to start shortly.

Lobbed these 4 written questions at De.mem (DEM) 4pm AEST virtual AGM via Zoom/Vistra. It's a German-led water treatment outfit. Market cap $24m. Out-sourced Vistra cosec Tony Di Pietro rejected written request two days ago to disclose the proxies early: maynereport.com/articles/2026/…

Lobbed 5 written questions at today's 28 minute Imagion Biosystems (IBX) virtual AGM via Zoom/Vistra. It has 7,996 shareholders and there were 6 protest votes between 17-24% against various items including 20% against the rem report. Here's the AGM wrap: maynereport.com/articles/2026/…

Vistra is a US multi-national which offers out-sourced CFO & company secretary services to small caps. It's a festival of Vistra virtual AGMs today run by their people: Imagion Biosystems, 10am: Melanie Leydin Mayfield Education, 11am: Tony Di Pietro ABX, noon: Mathew Watkins

@Pete75985065 @MayneReport After serving as a Senator, Conroy became a lobbyist for the gaming industry (SportsBet etc). He was influential in stopping a bipartisan move to ban gambling advertising. Gambling advertising is a major revenue stream for Foxtel.

Opinion | Senator David Pocock and the Australia Institute have succeeded in getting the focus squarely on a gas export tax — all the while Australia's gold and iron ore miners make away with billions, writes @maynereport. crikey.com.au/2026/05/26/gas…