The timing of the Demerger was always subject to Regulatory approval.
LPI timing is governed by approval from ASIC, ATO and ASX. If this was a quick process it would be done and dusted.
Another note that some shareholders may not be aware of if SH get given pro rata shares they incur tax on these (free shares) LPI has applied for a Roll over Relief to avoid any tax for all SH which I'm sure you all would be happy with.
There is a lot behind the scenes happening that hasn't been disclosed to market but will come through in announcements over the next few weeks from my understanding.
Corporate team for WA has been dialled in and further tenements to follow.
I do feel at times the silence from management is deafening but I do sit here happy after continuous discussions that a lot behind the scenes is happening and I'm sure once it all comes to light majority of you would agree.
As mentioned please call management if you have concerns.
LPI Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
