Ann: Trading Halt, page-72

6 month wait for absolutely nothing! hmm assuming an appeal failure and Lab get back in Nov. I thought the Govt's own concession of fault would account for something. Ok Sh..t happens! welcome to the real world of high courts. The Mess in polie dual citizen also came down to the letter of the law and they all lost their seats.

Well the sky hasnt caved in (except for flat earthers haha). Lakes is in the same position it was last week effectively just with no free kicks and perhaps a big kick in the a. If this situation dosent change radically, then worst case is that we have to wait another few years then some time for drilling and Rev. Yes it a long time. In the interim we have other projects and Lakes lawyers must have warned them this outcome was likely and thus its all been very quiet up till now. Of course an appeal could win in some way and libs could get in and we could be making Rev in a years time. That seems very low odds ( a 6 against the dealer ace in BJ) i wouldnt want 10K on the table. I glad LKO hasnt sat on its hands and wasted the 6 months so we would be where we are regardless if we never went to court. So look at it like that. It never happened and now we have to ACTUALLY earn 2.4 billion , not have it given to us. Yes we should be compensated for all the investment then have a total ban slapped on us and everyone else not just Lakes. But thats how it goes and like Mustangs (MUS) mess with a failed "in the bag" auction, i also saw warning bells and now they at 1 cent from 15 cents. We cant fall far and i not touching my holding here as i got it cheap mostly and the company IS moving forward and until real rev comes in, they will stay at or below 1c. In fact our growing asset base could see us over that 1c barrier in the near future. Life does go on!
Such is life as Ned Kelly said....