Bad management seems the simple answer & the 'Black Gold' mining of vein graphite in Sri Lanka was terrible DD & all promo imo.
(The large Sri Lankan Govt mining can barely make a buck & blaming commodity prices dosnt cut it).
The 'shell' value of this dud stock is a hope we will ever get a dollar back while Ex's still pull salaries getting it wrong waiting for someone else to deliver any value to this immoral yet somehow legal trap.
Of note; The tenements in SL are of worth (yet very difficult to value). Vein graphite is finite and a proven feed source of Graphene which is gaining much World investment. See ASX: FGR and the Graphene Industry.
Hopefully someone with vision & nous is watching & will take the whole company.
LGR Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
