TNG upheaval a masterclass in shareholder activism
Never has one shareholder achieved so much with so few. That’s the message from Grant Wilson’s campaign against TNG, developer of the Mount Peake vanadium-titanium-iron Project in the Northern Territory.
If Mike Cannon-Brookes was a genius for getting four directors on the board of AGL Energy despite owning only 11.3 per cent of the company, then Grant Wilson is in another league altogether.
Wilson, a former regular columnist at The Australian Financial Review, is within a week of completing a masterclass in shareholder activism against Perth-based titanium mining company TNG.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
