Ann: Investor Presentation, page-140

LKE are fast running out of cash & options (particularly infrastructure).

They will most likely end up in the hands of a liquidator.

So all your presumptions have little or no practical relevance, in other words moot.

1. They slashed the workforce (but not Dicko’s remuneration),

2. They sold off all the tenements (for cents on the dollar),

3. Their “go to” Capital replenishment - Acuity, is basically unobtainable with a SP < 4.2 cents,

4. The last remaining option is to tap the market (poor sentiment), and/or the shareholders (also poor sentiment),

5. And the Directors aren’t buying.

Just keeping you honest.

IMO DYOR