grand sale! grand sale!, page-43

As a holder of both HAW & LCY I am just as frustrated as everyone else as the slow progress since the NMDC/LCY marriage.

However I am sure that in the future(2-4 years)that I will be well rewarded for my paitience.

One thing that I assume in my own mind & it is just my own idea on the 200mil LOC is that it wont be activated until it is needed to be spent. It may not be granted in 1 lump sum...for example if there is a project worth 60 mill signed off then they will dish out 60. If 3 months later there is a 100mill needed then it will be released & then a few months later something worth 40mill pops up then the rest will be released.

My understanding of it(I could well be totally wrong) is that the 200 mill LOC of credit they have announced will be only for aquisitions & not project development or finance.

I persoally am expecting that some of the 200mill will be used to purchase the ramaining 40% of Mt Bevan.

In reality none of us know at this stage what will happen in the future, the 200mill could finance purchases of 2 projects or 12 projects....we await & see the outcome.

I am hoping for a good result for both HAW & LCY.

Cheers
Digby :-)))