powered by SimpleVerticalTimelineIn the 2016 Financial Year
LWP announced that it had invested a total of $1,856,000 in equity investments. At the time, these ‘investments’ were undisclosed although were later revealed to be a $1,000,000 investment in ASX shares as well as a $500,000 investment into Franchise Retail Brands and initial investments into the GraphenEra Joint Venture.
While the exact makeup of all these investments is mostly unknown, the uncertainty was enough for the ASX to place LWP on monthly cashflow reporting requirements, the only company we can find that has to submit these upon the ASX’s request.
Shareholders were able to uncover a number of investments LWP had made which were mostly as capital raise participants alongside Martin Place Securities who also happened to be the advisor for the failed GraphenEra investment. Once bitten, twice shy?
|Company||Number of Shares||Average Daily Turnover|
|AHK – Ark Mines||884,000||34,923|
|ANW – AusTin Mining||1,500,000|
|ASP – Aspermont||13,350,000||291,815|
|MGT – Magnetite Mines||4,150,000|
|MUS – Mustang Resources||1,920,000|
|PNX – PNX Metals||7,700,000||2,249,000|
|TRM – Truscott Mining||1,150,000|
|ZGM – Zamia Metals||4,921,985||In Suspension|