current management are not interested in breathing life into...

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.