If / when a deal is done they are unlikely to have much time to prepare the market.
If we are spending $10's of millions of $$$ of shareholders money, then showing how it is being spent maintains at least some degree of trust and keeps the story going.
No doubt many here had the intention to hold longterm for the serious return on investment $4 - $5 or more, so they never intend to sell so the non trading part is not so much of an issue, but the complete news blackout loses peoples trust very quickly.
I know 2 other holders who will take the opportunity to exit far earlier than they would have purely on the basis of trust has been depleted. They are clever enough to understand that selling out in any panic selling is unwise, especially with CGT disc stock.
I am struggling to see who is going to rush in and support the SP, other than those averaging down (not a great strategy in my books), though the LT FFX demerger holders likely have pretty low avg costs already, but those buying in the May / June rise last year will be hurting.
Given the sector is still close to most stocks lows, this is when portfolio adjustments are often made. Tax loss selling also comes into play.
I say this because as it stands the company appears to be going with the same playbook as the last suspension, no communication with holders until the market opens and have a laclustre boring as bat shit webinar. If that is the plan then the SP will be crucified. The SP dropped 10c during the last webinar.
I am guessing the annual report will not be released, just the financials by next Friday. AGM will be interesting if still in suspension.
I contacted the company last night, the first time in a while to raise the above. No point bitching if you don't make an effort to at least raise concerns.
LLL Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
(20min delay)