Yes good point. It’s easy to be too cynical about things being rigged in the small end of the market and not have any faith in these processes.
5 years ago I was a shareholder in Discovery Metals following a takeover offer. KPMG/SRK were hired as the independent expert and said the offer was too low. DML subsequently went broke due to major issues in the geological model and grades etc. A class action is being conducted against KPMG for their advice.
This sort of thing makes independent experts consider the quality of their advice.
https://www.lawyersweekly.com.au/biglaw/21317-national-firm-embarks-on-proposed-class-action
Ann: Results of Meeting, page-28
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$6.49 |
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0.050(0.78%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2845 | $6.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 4682 | 3 |
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