bad feeling , page-40

Thank you Blur for the post even though you wanted it removed later.

Your calcs are a bit on the low side IMO because you use $27.50 basket price.
IMO the basket price will be about $30 because of the LAMP's ability to add value by purity and product blending to meet customer's specs.

This should take EPS Phase 1 to 6.5c & EPS for Phase 2 to 18c.

An early announcement on Phase 1 sales contract and an indication that
sales negotiations are progressing on Phase 2 contracts should send SP well above $1 , IMO.

The company is in a good position:
- Phase 1 ramp-up progressing as planned for nameplate production by 30th
June ( otherwise, according to emails to shareholders, the company would have
made an ann, to the contrary.)
-Japan/Chinese island dispute still not resolved which benefits LYC as a non-
Chinese reliable supplier)
-Hot commissioning of Phase 2 can be timed to meet forward contracts thereby
conserving cash.
-LYC's access to European markets improved by new CEO's appointment.
-Lots of cash to make transition from development to producing without any
need for further cap rises.

It is just a pity that the company is insensitive to the market needs of reguluar
updates while the company is in this transition phase.

Its almost like corporate autism.

Cheers and good luck to all long term suffering retail shareholders.

Moorookamick