LMR
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0.00% 5.7¢ lemur resources limited

Ann: Takeover Offer for Lemur Resources , page-4

  1. springhill
    68 Posts.
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    14/05/13
    20:05
    Post #: 11763344
    Can't say I agree with this, the deal is terrible for LMR shareholders.
    The offer is only marginally above the cash they have and values all their projects at only a couple of million.
    If LMR was headed to 9.9c it would be there already.

    This tells us one of two things.

    1. The deal stinks and undervalues the company
    2. The market doesn't think the deal will go ahead.
    LMR Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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