https://www.miningweekly.com
Business|Exploration|PROJECT|Storage|Sustainable
Business|Exploration|PROJECT|Storage|Sustainable
business|exploration|project|storage|sustainable

Lincoln rejects Quantum offer

12th August 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Takeover target Lincoln Minerals has urged shareholders not to accept the takeover offer from fellow listed Quantum Graphite.

Quantum Graphite on Tuesday lodged a bidder’s statement offering one of its own shares for every 40 Lincoln shares held. The offer implied a value of 1.02c a share for each Lincoln share held, and represented a more than 30% premium to Lincoln’s most recent share price.

Lincoln on Friday told shareholders that the implied value of the offer failed to recognise the inherent value of Lincoln, and that the directors could not be certain that the implied value asserted by Quantum Graphite was sustainable.

Quantum holds the Uley flake graphite mineral deposit, in South Australia,  as well as a downstream joint venture for the manufacture of coarse natural flake-based thermal storage media.

In its bidder’s statement, Quantum noted that the development of Lincoln’s assets within the company’s own business had the potential to deliver significant synergies that would generate greater value for Lincoln shareholders compared with the development of these assets by Lincoln as a standalone company.

Lincoln holds base metals, iron-ore and graphite exploration assets in South Australia, including its Kookaburra Gully graphite project.

Edited by Creamer Media Reporter

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.125 0.163s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: