hope springs eternal at esperance, page-19

Hi Z hi all

Should we be getting another quarterly report next week?

I am willing to continue walking on this thin ice if LCY commitments to us are still there, and hopefully there is a delta statement what has been holding LCY on this quarter,

otherwise:

We all seem to be accepting that LCY should get HAWs part in Mt Bevan,I am surprised and frustrated there is no development no indication (even a leak from HAW side)

we have said NDMC/LCY is not an investment (as opposed to Mining) company too many times, I will be surprised if they were/are waiting HAW SP to go down or been waiting this global melt would happen,

One could make an assumption: LCY to HAW proposal was to low similar to NMDC Price to LCY, HAW refused, They are in stall at the moment as LCY is waiting HAWs acceptance their low offer.

I remember LCY has sent 4 drilling in aggrement locations with HAW to complete the Phase 3, and latest was yep we have spent 3.5m in the progress and we are claiming 60% today, leaving us with questions like:
a) There were 4 drills Did they drop to 3,
b) 30% was complete in early June, what is it now?
c) Is the drilling continuing or stopped?

d) Are there communication between two companies (perhaps we do not need to know) So 60% claim info was made available out of the rest (MAYBE)

e) What has happened to end of June commitment for Phase 3 results?
f) Are we (HAW & LCY Share Holders) suppoesed to know if there was another MOU or term sheet between HAW and LCY

last Questions are:
Is Esperance and LCY link real? do we know if LCY is one of selected companies for future allowances?

Is AZURE working for us at the moment

Is 200 m credit OFFER still in our book

Regards