LRL 6.67% 1.4¢ labyrinth resources limited

Ann: Quarterly Activities Report , page-19

  1. 1,369 Posts.
    Thanks Pro, that is a crazy amount. I wonder if the company can organise to buy their shares back (similar to a buyback but I am guessing there are rules that means that the buyback has to be open to everyone or something like that). I know every other shareholder that believes in the path going forward would vote yes. Or at least the company could organise a bloody crossing. I can't believe it isn't in the back of management's mind somewhere - it really can't be that hard to do! For example they wouldn't have had to issue as many shares for the Gas project if it was trading at least at cash value (not that I am too worried by that extra dillusionary amount). Nothing good comes from being pinned down by a big seller, they must have connections to fix it!
 
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