Means to achieve protection against a forced buy-out include: 1. The ASX and its rules, which, however, may not be robust enough. I need to research those. 2. The Danes (with support from the US) insisting on a limit to Shenge ownership within the conditions of a Mining License. The likelihood of this may already have been signalled with the recent plan to process ore in China and market the finished product through Shenge thus making their 60% shareholding unnecessary. I apologise if the latter is not true, and is merely my impression. 3. The likelihood that an independent valuation to set a price will be required. That's fine, but the recent estimates (Pitt Street Research for example) seemed woefully conservative.
Be assured, the Chinese won't care a damn for being "fair to stockholders" and will bully Greenland via bribes etc. unless stopped.
This issue is worrisome.
GGG Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held