The only part of the acquisition that would be open to a legal challenge is if they don't reach 90% and try to pursue de-listing, without the remaining shareholders consent. Which I cannot see them doing in any case.
A more likely scenario is Bushveld has a LSE listing and a ASX Listing.
How will LMR stop Bushveld putting through a special Dividend? Which would go some way to solving Bushveld short term cash problems.
The above is the article relating to the Mango deal, how else would OBT have got the money to buy this?
How do you see LMR being better off in the longer term with BMN being the majority shareholder, which gives them the ability to block or pretty much do anything in the boardroom, including replacing the independent directors!!
LMR Price at posting:
4.0¢ Sentiment: None Disclosure: Held
