I think if you look at the yearly accounts, it simply doesn't...

I think if you look at the yearly accounts, it simply doesn't make sense for a company making $0 to have such a large board, and be spending almost $2 million on salaries per year, which is 3 times the amount it has spent on exploration last year.

Also, Chris Taylor, the Exploration Manager, is engaged on a contract of $1,000 per day + GST. So LML are paying Chris a max of $248,000 + GST/year, which is half of the exploration cost.

I have made the mistake of holding stock with no future of income-making in the hopes that it would suddenly sky rocket - my question is, does this share have any conceivable prospect of an increase in value? Has it had any discussions about commercialising with anyone?

The LML website has statements such as "being able to quickly progress the Company’s graphite resources on southern Eyre Peninsula into a high-quality, long life graphite mining and processing operation" , "We are assessing our next steps for exploration at this project." "We continue to consider development strategies for this project.", and "We are seeking a joint venture partner to progress the encouraging discoveries at this project to date."

Have any of you actually called the mobile number on their website and asked what exactly is going on? Or are you all short term traders wanting to make 300% and get out?