Codelco offering 50c/share for buyout.., page-163

Worth considering going through recent Investor reports, this is actually where they might become useful. $75m spent on the project with $40m cash sitting in the bank. 50c will never be approved. At least I am in regular contact with shareholders that owns ~10% of LPI that would not approve this deal. Also Martin Borda's 1/3 of Maricunga was brought over at 55c per share. Doubt one of the richest blokes in Chile does business where he loses.




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