I think we will see Lonhro Plc slip down the list as they have over the last few years. Their board appointees may end up being replaced. I wonder if one or more of the Chinese groups that flirted with MK earlier in 2011 but stood him up at the alter so to speak after a long courtship full of empty promises; have come back in with a cheaper stake, and a controlling interest, at the expense of the rest of the longer term holders who have had to endure a significant dilution. I hope not.
Expect the unexpected. Look at Extract resources for an example of a backdoor takeover: best in class resource (uranium), but a lowball offer, and a successful one sadly. The losers? the retail shareholders.
LOM Price at posting:
0.9¢ Sentiment: None Disclosure: Held
