I must say I'm a bit surprised about this. But flip side is that LLL will still have a lot of cash on listing - meaning its still full steam ahead for the project.
As another poster said, some share holders are just out of cash and of those perhaps most participated in the last cap raise.
The buying on market instead of shortfall may have been a contributing factor, but we don't know the actual figures there. I wonder if the 'manipulation' to hold the current FFX share price down, was also a factor? Based on above, One could postulate that holding the FFX SP down has resulted in more shortfall shares not going to current shareholders.
Anyhow, its nearly all over now after a Long, long time and I can't wait to be free.
Initially, I still think that the two outfits are going to have a combined share price greater than the FFX of today - from the day of LLL listing.
FFX Price at posting:
96.0¢ Sentiment: Buy Disclosure: Held
