the truth as i see it

current management are not interested in breathing life into this dog yet.

they have another agenda. john dollison certainly isnt there for his $120k salary, the guy is a multimillionairre, lums paycheque is equivalent to centrelink for that guy! rather he is after the performance shares that will be allocated to him after his first 6 months as CEO and he will want as many as he can get - risk free!

i expect further acquisitions, backdoor listings if you want, which will probably turn lum into a pretty handy company in the longer term but also means, dilution, dilution, dilution.

lum is probably going to end up with over a billion shares on issue and wont even resemble the company it is today. when the new entity is complete they will probably do a consolidation of 10/1 and it might be worth buying.

all of this means that there is probably still very little downside at the current sp but i wouldnt hold your breath expecting large gains anytime soon. it just doesnt fit managements agenda imho.