If the vote is no on tranche 2 - then it is likely the SP will attach itself to the valuation of the LLL holding, no? Currently 11 cents per share? That's a hell of a lot better than 6.
I wonder if the lack of a notice today from LLL is indicative of the ASX taking a close look at the proposed raise...
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held