brunk. The greatest threat to "giving all of Australia to China" are our own governments, federal and state, that do not make strong (or correct) policies regarding vital issues like energy and water and the lack of courage from local venture capitalists, fund managers and retail investors, where near trillions are held in cash and now probably going in to buying gold and real estate. Australian companies have multi billions of dollars of gas sitting in gas fields that could supply countless generations and everyone paying exorbitant prices for their basic energy needs, but no funding to develop them. LKE is an Australian company and needs to go to investors with a head office in New York. What about those in Sydney and Melbourne????
For example, how many existing shareholders do people think would support a 1:8 issue, with provision for an extra 10% over subscription, @ 5 cents to raise $3 million+. Keeping in mind that LKE really does have a very low IC and liquidity. Mention those two letters CR and everyone panics, there are CRs and CRs, what more does LKE have to do to keep their shareholders fully involved, including funding?? This company, with what it has already done, should not need to go outside to beg for funds to continue.
