LGO 0.00% 0.1¢ longreach oil limited

What is happening?, page-10

  1. 82 Posts.
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    Does anyone have any update on this stock.?
    Suspended continuously since May 2017 - yes that is right - 2017 !!
    We have had oil and gas, then telephony and now milk.
    The integrity and purpose of the company are confused.
    The ASX is tightening up on this type of company.
    The suspension will only be lifted following a cap raise and prospectus for a new activity.
    The New Zealand milk deal was entered into in April 2018. 9 months ago !!
    High risk of delisting.
    What a shame.
    The directors should flick this company on to someone who needs a shell and is shovel ready with a prospectus.
 
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Currently unlisted public company.

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