Ann: Suspension from Quotation, page-283

Re:@RandomDart comment (sorry reply broken). Doesn't quite make sense does it.

The only disadvantage of the price dropping is devaluing what you can leverage against: I can't see how tax implications in a write-off scenario (e.g. I suspect FFX) would be driven by the last trading price rather than your cost base.

As far as the reopen matter, if LLL management was always likely to re-enter a halt/suspension on getting the next letter in the ongoing conversations with the Mali Government, and it was those conversations that justified the first halt/suspension, then staying closed would have been preferential to close/reopen/close. Of course my preference would have been to keep trading throughout, and it's not really clear to me why we haven't. As it stands the scenario we're in has been more damaging to confidence, while creating risk of interim trading in between letters by those who have more understanding of what's going on, the reduction of that risk being one of the rationales for allowing halts/suspensions. For instance, how confident can we be, when the market knows so little, that no entities aware of what's going on weren't buying up LLL prior to the first suspension, and sold off in between suspensions? That doesn't even have to be entities connected to LLL: there would be people connected with LLL, Ganfeng, Mali Gov, subsidiaries, a bunch of advisors etc. etc. who all know more than we do, any of whom could unintentionally leak "a vibe".

With that said, I think on the whole Hay does an impressive job in front of investors and seems to be out there getting hands on trying to drive this, so continue to have faith in him. But we need a few more tailwinds than headwinds.