Small investors battle China’s bid for London-listed lithium miner

Dawood Patel, who has a £60,000 stake in Goal-outlined Bacanora, explained: “We have attempted to get in contact with administration but have been brushed off. The announcement acknowledges us without having undertaking so right.”

Having said that, City policies say that 30pc of the shares want to be controlled by a group for a concert occasion to exist.

As the modest investors are not breaching the 1pc person shareholding threshold they do not want to declare their stakes when they trade shares.

A spokesman for Bacanora, which is creating a lithium mine in Mexico, explained the wording in the regulatory filing as a “very normal clause in a takeover situation”.

Ganfeng by now has a 17.5pc stake in Goal-outlined Bacanora, which it by now strategies to maximize to 30pc. A few months in the past the organization uncovered a non-binding 67.5p-a-share technique in May perhaps, which the board explained it “would assume to recommend”. It has until eventually June three to desk a formal give.

Compact investors, however, claim Bacanora could be well worth 500p a share.