Yep, JRL's LD seems comfortably set in place, with his friendly Board, just cutting and pasting q'tly and Annual reports, giving the impression of some commerce happening. Does the bank balance run out in <6 years?
Yet we've given him an extension to Oct 2017 to do the deal he has been promising for 8 years then he has to wind up the show and the company; is 10c per share return in the liquidation a fair guess? Better than letting the Perth cohort spend it down to nothing.
If this view is challenged as inaccurate, will they call in ASIC and/or an independent consultant to investigate their questionable corporate governance and report the findings to shareholders?
JRL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
