A 5b "Explain yourself before you fold" notice.
Looks like LIN left it awfully late and close to the bone before the chairman himself chipped in to save the company.
After 10 months of searching and I believe no interested parties in the bauxite resource. Maybe these parties realize that the project is landlocked by its competitors and so when LIN folds through low funding and inability to access the resource. They can pick up the asset at bankrupt prices and bolt on to their reserves..
Its certainly something Id expect any mining company to consider. Starve your enemy for 10 months and watch them fold. As what else can LIN do if it cant get access to mine and its Malawi REEs are lost in court. Its a check mate move.
This might be game over soon and swinging black pompoms wont help to lure more into that suffering
A 5b "Explain yourself before you fold" notice.Looks like LIN...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $144.1M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $7.384K | 59.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 265844 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 120630 | 3 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| LIN (ASX) Chart |