I believe shareholders should be concerned that LIO keeps the bulk of its money in Chinese currency in a Chinese bank account. It does not send a good signal - this money belongs to the Company and not the Chinese Directors - LIO is an Australian Company and the bulk of its currency should be in Australian currency in an Australian bank account.
There is absolutely no purpose having its money in China since the proposal to build a mini oil refinery there has been scrapped.
lio acquires 19.49pc of papua petroleum, page-8
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