Zero chance we get value in a full take over as the LLL shareholding would be treated at book value, not the value it will be in say 20 months of $2. On that alone I’d rather a project sale of some kind, via scrip for further upside preferably. Only way to salvage upside on both projects from the FFX side of things IMHO.
Even if we did salvage this ourselves to profitability the market’s not gonna trust the company in terms of SP appreciation I don’t think. Asx investors flat out hate the location, and our rep is pure trash too. Especially if the plan is still never to pay a dividend and just look to turn the mine into another in time. No dividends, no capital appreciation was a brilliant plan from Cowden & Anderson…
Anyways another long wait to see what they come up with, Will be torturous big we get no mining update ITMT…
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