Ann: Leo Transfers Project Management to Ganfeng, page-5

If ASX is "not minded" to allow the stock to return to trading due to 12.1 and 12.5 (rules around having a business operation and structure worth being listed on the exchange) then Leo need to seriously consider winding up the entire company and returning cash to shareholders. However, that means putting themselves out of jobs... something ASX junior mining management always seem so strangely loathe to do. The danger is that they blow the cash the receive on another project in an attempt to justify the re-listing.

Hopefully they make the right decision here for shareholders.