lion energy, page-38

re: told you so - ian w. Pardon I.W., but I still stand by my comments and the way the market has/ has not traded since the announcement portrays a group of holders standing around looking at each other asking who's going to buy, hoping they can sell into it.

These guys get approx AUD 6 mio and another asset supposedly valued? at $7 mio with a GROSS annual revenue (NOT net) of approx $700k.

I respect your input, but by my analysis this company has an NTA of about $0.005 ish and after corporate costs won't return even bank interest on their cash.

Unless they start to look for and find Lassetters reef, this baby wouldn't go vroom if you put 10,000 volts through it. I am not even discounting the value for management, that's another issue. Tax loss selling their next issue to contend with, the list goes on!

I am out and won't be re-entering this one in the short/ medium term.

Good luck to those who stay.