Excellent research tonio. So the Forge prize is growing and growing. As I and many of our astute forum members have been saying/thinking 'if they get away with the Sale of Crown, Coors and Swan, just what is next'. Well you have exposed what is next Quote...The Master agreement allows Forge to conduct exporation activities in the Co-operation area if they can get Lynas' board approval. The Co-Operation area is all the area not covered by Forge sublease area and Lynas'inclusive area With Lynas' board approval, which judging by the actions of our three independants so far will just be a formality, Forge will be able to drill almost anywhere and have access to a potential $500 billion additional resource. ..........................
Well, well No wonder our independent Directors are so complicit with this 'scheme of arrangement'
And I Thank my lucky stars for Hot Copper because if I was unaware of the 'Hot Copper forum for discussion' I would quite likely have accepted the boards recommendation and gone with a Y vote being none the wiser.
LYC Price at posting:
$2.53 Sentiment: Hold Disclosure: Held
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