ausheds, call it what you want!
"April 18 2011
SHAREHOLDERS have threatened legal action against the rare earths miner Lynas over the proposed sale of a polymetallic resource to Forge Resources which has raised conflict of interest concerns.
The Lynas executive chairman, Nicholas Curtis, a director and 15 per cent shareholder of Forge, stands to vest 24 million in Forge performance shares worth $30 million if the deal succeeds.
In a letter to Lynas obtained by BusinessDay, the law firm Turner Freeman, acting for shareholders Surpion Pty Ltd, Aliana Pty Ltd and Daleford Way Pty Ltd, claimed that information made available to Lynas shareholders, including an explanatory memorandum and a notice of an extraordinary general meeting had been misleading."
What Lynas built for a billion$ and what Alkane will build for under will show an astronomical difference in profits IMO.
I do trade LYC, short term only..
Sorry for the late reply, I've been away.
ausheds, call it what you want! "April 18 2011 SHAREHOLDERS have...
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48.5¢ |
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Mkt cap ! $293.4M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $356.6K | 734.0K |
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| No. | Vol. | Price($) |
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| 1 | 13196 | 48.5¢ |
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