Lemur 0.025c bid - offer 0.036c according to ASX - Totally illiquid.
Tiny volume only 85,000 traded. So the market pays .025c for Lumur paper currently.
Bushveld yesterday 8.5m volume with spread of 3.45p bid - 3.5p offer on AIM - Very Liquid
The liquidity situation is only likely to get worse for minority Lemur holders once the Bushveld offer closes in my opinion.
Bushveld share price possibly 'artificial' due to current overhang after Obtala sells 100m shares (to raise cash for projects in Tanzania) but trading at 8p before.
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- independent directors were right bmn diluting.
independent directors were right bmn diluting., page-9
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