LEADERSHIP

Maximus humbles Ruane

DESPITE Michael Ruane amassing around 10% of Maximus Resources, the corporate raider was unable to rally sufficient support to force out the board at a Section 249D meeting he called this morning, being handed a humiliating defeat.

 Ruane gambled on support, and lost.

Ruane gambled on support, and lost.

Despite buying some 3.2 million shares on-market in recent months, concerns raised by Maximus that Ruane's Kesli Chemicals and Tyson Resources were in it to benefit his other investments appear to have...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.