We still own approx 7% of this company. I've emailed AKE investor relations several times recently to ask if they are doing anything about this now that it looks likely it will not get FIRB approval and be opened back up to alternatives. GXY was the second highest bidder previously so it would make sense that they would be in the running to pick this up the second time around. Alas no response, management seems to think this $30m flutter doesn't need any explaining. Australia - where you go to jail for stealing a car, but if you steal a $2bn lithium mine no one even bats an eyelid.
AKE Price at posting:
$11.38 Sentiment: Buy Disclosure: Held