LMR lemur resources limited

Bolics and Mak That isn't exactly true For every share they buy,...

  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    Bolics and Mak

    That isn't exactly true

    For every share they buy, it increases the cash backing per share and also everyone's ownership equally

    They cannot simply use the cash at their discretion and any acquisition or major purchase will be subject to shareholder vote, likewise with any takeover bid

    I do think a bid will come, and if it is after the IPP license I doubt they will get this for under cash backing

    Just my 2 cents

    You can't argue it isn't good value here
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.