Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited, a shareholder in TG Metals Limited, has issued a Section 249D notice to convene a general meeting aimed at restructuring TG Metals’ board by removing a director and appointing a new one. The move stems from concerns over TG Metals’ recent capital raisings, which Forrestania believes lacked planning discipline and resulted in unnecessary shareholder dilution. Forrestania is advocating for improved governance and transparency, emphasizing the need for better capital management and alignment with shareholder interests.
More about Forrestania Resources Limited
Average Trading Volume: 1,421,136
Technical Sentiment Signal: Buy
Current Market Cap: A$114.5M
See more data about FRS stock on TipRanks’ Stock Analysis page.