Ann: Becoming a substantial holder, page-25

Is this a negative for LTR?
I think not:
When you have the worlds Biggest Cheque Books sitting around the table, LTR is TO proof for the time being.
Nobody can advance their position without agreement of the other major stakeholders.
To go Short now would invite a another party to start an auction process by launching a hostile bid and (purposely) failing; exiting the play after the scramble to cover shorts, an easy Double Bubble or better.
Make no mistake LTR is on the auction block.
The Price, Hmm $5-$6.
Remember this:
On or around the 30 June when LTR goes into production the accounting rules change.
No longer can expenses be capitalised, now the plant is depreciating and all expenses over the last 7 years-ish need to be provisioned.
Which leads to a massive tax loss of (say) $2 or $3B
Who needs a tax loss of that size?
All of the big Cheque Books.
A Prime Asset subsidised by the Aussie Tax Payer.

Fill your boots this is about to get interesting.

Usual disclaimers etc.

Cheers XanaX