Lincoln Minerals LimitedThe announcement on market states, holders of both codes is as follows in the Company.
1. LML - Top 20 holders of ORDINARY FULLY PAID SHARES - 76.39% - (QGL - 1.77%)
2. LMLND - Top 20 holders of NEW ORDINARY FULLY PAID - 91.51 - (QGL - 0.00%)
Looking at this, QUANTUM GRAPHITE LIMITED will seriously have to consider a much better offer.
Watching how this plays out for investors, especially when they start drilling and attracting attention will make QGL nervous...
Sam Barden, Managing Director & CEO,
whom is a pretty clever guy, has stated the offer is way to low for his shareholders. Sam will do the right thing by his shareholders in my opinion. Good luck investors!
Have a nice day!
NOTE: If you read the quarterly that has been released this afternoon carefully from Sam, the writing is on the wall for holders what will be happening with the Company now
You might even get another interested party start sniffing around for your shares or even fly under the radar and start buying on market LMLND.
Have a nice day!
(20min delay)