People's complaints on here are irrational, stress induced unhinged ranting mostly. Couple of prime examples above.
These complaints were valid more than a year ago with Cowden, Anderson, Borg & Hepburn. What's being dealt with now and all the looong waiting is just the results of their decision making, and incompetence. If LLL end up having to pay CGT on the demerger and JV - it'll be even worse than the 'all time catastrophic management' rating of that board & management.
Anyway atm we have what, $25 mill in the bank earning 4%? Enough to keep the lights on without running down the balance hopefully.
Hopefully they delist and save on that expense too. Then as swiftly and quietly as possible redistribute and shut up shop (very likely the preference of the gold insto's on the reg rather than try again with a few mill in Canada or Aus). A real shame to let the tax credit die though.
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held
