lio acquires 19.49pc of papua petroleum, page-10

Whilst i understand your concern miningnut, they havent exactly helped themselves to the bank balance, despite having several opportunities to do so. No funds were advanced for the refinery project, which would have been an easy way to disguise the disappearance of few million into China. Likewise with this deal. There will presumably now be a clearer understanding of what subsequent funds will be spent on.

I appreciate the contrary view. It forces one to think through the worst case scenarios of what is going on with LIO. Have been burnt in some cash boxes before, where the apparent value has been fritterered or even worse, embezzled. Dont think we are in that situation here.

Ta and good luck.....