"Goulamina was owned by FFX who spun it out into Leo so of course the Govt will have Leo in its sights".
I beg to differ.
To the extent there are Morilla claims outstanding, the Govt should have in its sights the cash generated by FFX in the Leo spin out (if any trace remains), together with FFX's residual stake in LLL.
This should be more than sufficient, given the intrinsic value of Leo now.
Much as FFX shareholders want their cake and eat it too, as a LLL shareholder, I want recourse of the Govt to be limited to the assets of FFX, which would be expected.
Other than FFX, new Leo shareholders paid cash for their Leo shares, and this should not be their battle.
Of course, to the extent Leo is made to pay, FFX's Leo shares should be cancelled.
Easy fix.
LLL Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
(20min delay)