suhr /watson grab at crown, page-4

barrons wrote: There is no good reason this should succeed or be accepted,the precedent of the Curtis grab and related transaction rejection is NOT necessarily a reason for acceptance of this offer IMO.The power of HC forum needs to come out AGAINST this sale or any sale of Crown even though it does not require shareholder approval as it is not a "related" transaction

I agree. I think the Lynas board will refuse the sale due to potential business conflicts between Suhr/Watson and Lynas. The bid most likely will only raise the value of Crown. I disagree with The Age premise that Lynas now has some obligation to sell to Suhr/Watson for a price near $20 million. And while a shareholder vote is not necessary, it can still be called if the board wants it. Bottom line: Suhr/Watson can get Crown. But the valuation will be a lot different and on Lynas' terms and timeline at this point. Perhaps their efforts push for a feasibility study faster than expected.