The main issue is not Dr James Matthews moving into FRG.
Shareholders want to see more transparency.
Like to see what s going on behind the seen that would effect the LYC share price for the future .
So for a start < in ground "independent" valuation by LYC of the Crown deposit of recent times > is important.
Imo , FRG is not financial enough to pay the best price for Crown.It is easier for LYC to buy FRG and turn it to a subsidiary company and develop the Crown if deemed to be urgent and in best interest to LYC.
Then all shares of the second company belong to the LYC shareholders.
inferred value of crown deposit?, page-3
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Last
$6.06 |
Change
0.040(0.66%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $6.06 | $5.76 | $50.03M | 8.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3840 | $6.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 39097 | 4 |
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| LYC (ASX) Chart |