"Lion notes that the Independent Expert has determined that the But-back Price calculation is reasonable"
I maintain that the report by the IE is invalid as market conditions have changed so dramatically since the report that it would be prudent to have delayed the but-back and conduct another analysis. LST could of used the cash to by depressed stocks or anything else but this.
There is 2 weeks to go and the NTA will probably fall even further. Those thinking that they were going to get $1.92 or $1.72 or there abouts are going to be disappointed. The final NTA is an unknown factor.
LST were in a perfect position with so much cash in the bank it would have been better to have invested in a term deposit for 3 years at 8%.
No heart No soul No Spirit
Such a disappointment.
I wish everybody well in their decisions with this one.
Cheers BW
LST Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
