Well, it’s official , Lucapa is in voluntary administration and KordaMentha is now running the show. No AGM on 29 May, and they’ve deferred all financial reporting under ASIC’s relief provisions. Could be six months, could be two years before we see anything concrete.
Not exactly the outcome anyone wanted, but it does explain the radio silence and lack of direction lately. The question now is whether there’s anything left to salvage or if this is just the start of an orderly wind-down.
Pretty disappointing end for a company that had some serious potential.
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