Oze_w: good to see you are an observer still. We're doubtless all hoping Lindsay comes up with a deal soon.
One value adding deal (Energy Metals ) for long suffering shareholders in 7 years is OK but any longer is untenable; especially when the collapse in commodities prices was signalled by Lindsay some years ago as bringing forward the awaited deal opportunity.
Well, that time has passed for at least 2 years and still each quarter' s update and annual report is a 'copy & paste' from previous years about waiting for the right deal under strict criteria. If funds are needed Lindsay, have CR from SI and get on with it. Otherwise, please weave your magic this FY. That's only reasonable is it not? The company should not sit pat indefinitely spending its limited monies on admin expenses.
Loyal shareholders continuing to hold after the dividend from the Energy Metals deal did so in the expectation and LD's virtual promise (which has been repeated each quarter since) that a company making deal would be found in this resources downturn. If there is no deal and the sp continues to gravitate in the 20c zone by this FY end, the company's purpose would have ended and should be wound up and what's left returned to shareholders.
JRL Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held