ausheads, in my opinion the way to challenge this from a legal...

ausheads, in my opinion the way to challenge this from a legal point of view is not to directly challenge the valuation but to challenge the explanatory memorandum on the grounds that is designed to deceives shareholders into believing Crown is a non-core asset.

The smoking gun is the fact that the explanatory memorandum summarises all resources as "Niobium equivalent", yet Forge shareholders are told the full makeup of the resource and it is easy to deduce from the numbers given to Forge that most of the value of Crown is in Rare Earths.

This ONE THING should be enough for any decent lawyer to blow apart this proposed sale.

The valuation is obviously flawed but any alternative valuation is going to be subjected to other criticisms. The bottom line is if both groups of shareholders are presented with a full set of facts as they should be, no Lynas shareholder would ever agree to this shonky deal, no matter how much they are involved with Nick.