lets hope he is right about the cash payment - that'll mean that LCY has some money somewhere to buy the project. not sure where from - perhaps that is something we will learn soon.
http://www.brrmedia.com/event/116828
that is the link to the TNG BRR which talks very briefly about sale to Legacy.
All we need now is for HAW to come to the party with Bevo and either
(1) agree to budget and get this JV going full steam ahead
(2) LCY and HAW strike a deal and sell the remaining 40% to LCY.
For what its worth, looking over the past announcements and being at the HAW AGM in Jan - IMHO HAW seem to be the ones playing games for whatever reason and consequently while their directors do not engage in the JV progression both our SP are getting smashed.
The comment I came away with from that AGM that pretty much sums up how far off the mark these blokes are was when one of the staff said something along these lines - 'this time next year at our 2013 AGM we will no longer be HAW the gold explorer but HAW the gold producer'. They had better get their act together as they have only got about 8-10 weeks to make this a reality. From where I stand HAW havent done very much with any of their projects (gold, iron, pottery) and their SP tells that tale. I'm not saying LCY has performed better, the same or worse ... at the end of the day both our SP have been obliterated and you have to ask yourself how much this perceived bickering between the two has led both companies into the ground with their SP and the sentiment ... pity they haven't been led into the ground to dig up some resources and sell it to make some money - if that was the case then we would all benefit. wouldnt that be a hoot.
As always - IMHO.
And as always - i wish we could just get some resolution between these two companies. At the very least some form of clarity.
AGMs for both companies coming up soon. Would be nice to have this sorted out one way or another before the directors stand up and give an overview of what they have achieved and what they plan to achieve.
DW
LCY Price at posting:
3.4¢ Sentiment: None Disclosure: Held
