I wonder how they managed to reel in as big as LG. They have lost 50% of their investment value as well. Must have managed to make money some other way out of ASX casino.
there are 100s of mining companies on ASX which have managed to secure something with someone big and still have not product single gram of anything and down by 90% since agreement. few example, EGR, EMN, MNB, PAM, EUR, EVR, EV1 and list goes on. Only CXO and PLS have managed to do well for a while, but this casino even brought CXO from 1.50 to 0.25 in no time.
I wish everyone good luck and hope this one reach anywhere close to 0.50c in 3-5 year for breakeven exit.
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