Stephen Mayne

It was great to meet with Australian Foreign Minister @SenatorWong on the margins of the Quad Foreign Ministers’ Meeting in New Delhi today. We're making sure our alliance and partnership benefits Americans and Australians alike, and our collaboration through the Quad is a force for a more stable, secure, prosperous world.

Some big protest votes at AGMs today. Hillgrove Resources (HGO) had 26% against extra placement capacity & 20-22% against equity grants to NEDs. Nickel Industries (NIC): Biggest protests 27% against director Chris Shepherd & 15% against rem report. maynereport.com/articles/2024/…

And a big arvo too: 6. Neuren Pharma (NEU): 2pm hybrid at RACV 7. Frontier Digital Ventures (FDV): 4pm hybrid in KL 8. Highfield Resources (HFR): 4pm virtual via Automic 9. Sarytogan Graphite (SGA): 4pm Perth time hybrid x.com/MayneReport/st…

Big AGMs morning tomorrow 1. Kina Securities (KSL): 8am hybrid in PNG 2. Eagers Automotive (APE): 10am hybrid in Brisbane 3. Loyal Metals (LLM): 11am virtual via Automic 4. Sierra Nevada Gold (SNX): 11am hybrid in Nevada 5. Atomic Eagle (AEU): noon virtual via Automic

"Hi Stephen, Thanks for reaching out. Confirming we will be having a hybrid meeting this year. Regards, Nicholas Ong Company Secretary Focus Minerals" Withdrew the board nomination after this and then they called a physical AGM for tomorrow anyway: announcements.asx.com.au/asxpdf/2026042…

The 28 minute Mayfield Childcare virtual AGM on Zoom just now was a total farce. Lodged 5 written questions and only 1 was read out. Question wrangler Tamara Barr kept trying to send private answers. Repeatedly asked for them to be read out. Watch this farcical conclusion.

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.