If only the land was owned then at least we’d have some asset backing for our stock! I wonder how much two weather masts and a half share in a ute with magnetic decals is worth lol. But yes, there is still some value to the intangible goodwill and capitalised exploration expenses, but the longer this drags out the more it looks like ASX simply don’t buy whatever DF is trying to sell them.
In a couple of weeks time it will have been one YEAR since we were allowed to trade this, with more questions now than answers provided then. Let’s hope we see an actual workable plan for their year+ of full salaried twiddling of thumbs in silence - and a better share price rebound when we resume trading than the crater being left by DF & Tom Langley’s other personal cash teller machine operating in the same area, LNR.
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