No adjustment is needed. LML are fully paid shares that are eligible for QGL's Takeover Offer LMLND are fully paid shares that are not eligible for QGL's takeover offer. The moment QGL's offer expires or is withdrawn LMLND will be equal to LML The shares will automatically trade as LML Only. This is a function of the ASX It has nothing to do with the company. So all holders of LMLND will be converted to LML on a 1:1 basis The huge disparity between LML and LMLND in price creates a significant opportunity. So if you think you missed out on LML at 2.2c You haven't.. Just buy LMLND now and wait until QGL's offer is withdrawn or expires. If LML shares dropped in price back to the current price of LMLND it would make the market cap of Lincoln Minerals look tiny in comparison with its peers.
LML Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
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