You express the same issue i am experiencing.
They are sitting on 20M cash.
Why not allocate some for drilling on the WA asset.
The Management holds majority of the shares and they are in no rush at all.
This stock is not a trading stock. One would have to leave it for 1-2 years minimum.
I am hoping the Singaporean fund accumulating up to 10-15% so then they can push for a Board seat or something or they have more power to raise their concerns.
I am still holding as Bearing and Mr Borda will push hard to get their return. I have no hopes with Australian Management.
I will give this company another 6 months before reconsidering my investment.
It is definitely a hold for now.
LPI Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
