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Agreed, we could've been trading the whole time and...

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SecretPauly

271 Posts.

104

19/09/23

18:17

Post #: 69921681
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Originally posted by JasLit: ↑

People need to chill hahaha.

I personally don't think it's just LLL. The other miners were in discussion on the new mining code even prior to its implementation. And I suspect they still are.

I actually think LLL has handled these trading halts and their discussions with the Government extremely poorly. The DSO issue was raised initially, and then this went into suspension for ~two months. The DSO issue was obviously a bit loose also in its technical legality. The other issues could have been dealt with in confidence during the course of normal operations. Again, why is it suspended now?

But the main point is the end result after it came out of the last suspension was an almost no worse position than when it went in - despite the massive SP drop AND considering the worst case forecast scenario in taxes, no DSO, etc (which while material, are barely so).

The suspensions don't make sense, and I think the prior share damage reflects the poor handling of suspensions more than the issues at hand.

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Agreed, we could've been trading the whole time and we'd probably have a better SP than a 50% wipe in a single day.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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