so anyway I've been with other companies where the management have received and recommended a takeover offer and shareholders didn't like it (ResApp taken over by phifzer).
After a lot of shareholder complaints the initial offer was upped from (and its a bit hazy now) 14.6 to circa 20.7 cents, which was more in line with the independent exports report which many shareholders thought significantly undervalued the company.
If as shareholders we believe that we aren't getting a good deal we can vote no.
I've not seen what the required vote needs to be to carry the scheme (either headcount or total shares) but given the Minera Salar Blanco holds 28.25% and board controls 32.5% they would be a fair way towards the scheme getting up.
unsure whether to hold for a better offer or move on elsewhere.
GLTAH
LPI Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
