FID and London City Equities

Does anyone follow LCE ? Wacky little company, market of $13M and they hold 7% of FID worth around $14M. It's almost like they exist to hold FID. They raised $3M and paid down debt, leaving some $1.3M for new investments. I must be doing something wrong because I increased my house mortgage to $1.5M as I reckoned I could get at better return than 2.2% I'm paying the bank otherwise I just would have paid it all out. Was interested in an LCE/FID arbitrage but unfortunately trading in the stock is by appointment. There are some weird stocks on the ASX