I went to a Proactive Investors event last night. GBE did a presentation and mentioned that holders were nervous about ECE taking 52% of the company. He said they will relax in 6-12 months when off-take deals and debt funding are clear and finalised, which will confirm ECE are good news for the company.
Afterwards, I spoke to a knowledgeable guy who reckons ECE are okay because they are passive investors. But since NMDC want control of the LCY board, he understands why investors are nervous. He mentioned some other company that had been milked by foreign investors - sorry I can't remember the name of that company.
Just putting it out there to get an outsiders perspective.
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