RE:Great deal for LascauxPrivate equity very seldom lose on any deal. FT was kind enough to build them a mine, get it all fixed up for them to the point on only needing a small investment to get it operating at full production. FT dealt with all of the problems from the previous owners like the safety issues. End result, Lascaux will do very well selling this completed mine and will participate in any upside FT gets on Nico.
FT is severely diluted and have the Williams with many millions of shares they do not want that drove the share price down. Bottom line is this, for all the mistakes and bad luck that happened FT still has the lights on and still has the Nico asset. The company could have been dead today and everyone sitting with huge capital loses, however management did manage to keep the business solvent. This is likely dead money for a while but in time if they get Nico financed it may not be too bad. It won't be great, but people can get back some of what they lost. I would think a share consolidation at some point, but doubt that will happen anytime soon.