"I cannot understand why Lemur holders would not now accept the offer"
Err 'coz it's a rum deal.
The offer is 3.46c worth of AIM paper (0.6 of a Bushveld share)
Below even the current market price! ...and cash backing is 8.5c.
A paper offer at 60% discount to cash value... you think that's fair?
If Bushsteal want the cash pile they should pay the going rate for it.
independent directors were right bmn diluting., page-7
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