Do you trust management with another $42m?, page-9

Company losses can only be offset against future company income from a similar type of business.

Allegedly they were waiting on ATO guidance before they can distribute the existing cash and LLL shares (post escrow).

If they receive the distribution for their LLL holding it further complicates things and drags out the process even further.

It is surely easier to distribute LLL shares to FFX holders before Tranche 1 is distributed by LLL.

It's all going to be very messy for shareholders with respect to tax returns compared to simply buying FFX shares at price A and selling at price B.

It hard to believe Anderson/Cowden retained the 20% interest in LLL for FFX partly because of FFX's good standing in country. It always seemed a dumb idea to me.