Backlash over sale of lithium mine to Chinese predator
Hundreds of small shareholders have banded together in a bid to stop a lithium miner from being bought ‘on the cheap’ by Chinese predators.
In a rare grassroots revolt, some 450 individual shareholders have slammed a £190m offer for Bacanora as ‘derisory’.
They say the bid by Ganfeng massively undervalues the London-listed business, which is on the cusp of starting a huge lithium mining operation, and will leave faithful backers nursing painful losses.
Valuable: Bacanora’s flagship Sonora mine…
