LMR lemur resources limited

I'm expecting some good action over the next couple of weeks: -...

  1. 1,528 Posts.
    I'm expecting some good action over the next couple of weeks:

    - cash reserves of 7.5c per share
    - Anthony (CEO) currently in Madagascar working on progressing the Independent Power Producer (IPP) license
    - Imalato coal project in Madagascar with a NPV of approx 25c per share
    - Major shareholder Bushveld last week took another 10% of the register via off market script purchase taking their holdings to around 58%. The deal included a clause that Bushveld will pay the sellers any premium of any price offered in a takeover to remaining LMR shareholders that occurs in the next 6 months
    - I spoke with Anthony this week and Bushveld are currently in communications with the remaining big blocks of minorities

    To quote Anthony - "Some intriguing times most definitely"
    Last edited by Orbiter: 30/08/14
 
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