Yes sounds like it, the only ones getting rich here it would appear is INYATI CAPITAL and maybe LNR directors, as LNR must raise $10m to earn 50% of earl grey lease causing possibly very large dilution whilst INYATI CAPITAL AND LNR DIRECTORS take very little risk ??
How much was this lease acquired for by INYATI CAPITAL and directors, does anyone know?
So in essence it's a farm in of earl grey lease to LNR from the current owners being INYATI CAPITAL and directors of LNR by LNR ( the company) having to spend $10m to earn 50% ???
Did shareholders get to vote in this???????
Yes sounds like it, the only ones getting rich here it would...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LNR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.774M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $31.30K | 7.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 63796896 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 23407792 | 28 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |