Hi Red,
I've scoured the rns releases on AIM and the only financial position I can find is $25 million on hand with creditors of $8 million and work in progress.
They subsequently stated that the divi would be $15.4 million or 4.1p a share. This of course relates to Leyshon Energy.
Given their track record, I reckon that's it. Re LRL, we can kiss goodbye to the unsecured loan of $600k to the Koreans (you couldn't make this stuff up).
And with gold at around $1325 per oz those figures I produced previously now see a further $7.5 million through to the bottom line.
It's not only the gold mine that's been shafted.
LRL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
