any comments on announcements, page-44

No doubt IMO, that if a stock falls 70 - 90% from a 52 week high, and in LYC's case, the 52 week high was $1.675 to an intraday low of 14.5c yesterday, their is a risk of insolvency. Had an enormous run.

The market cap is still very high given the possibilities from a negative viewpoint regarding liquidity and lines of credit.

She has great assets but so many times, of late, the last so hopefully they'll respond to an ASX query next week. They are sitting on an enormous asset truly.

The good news from short term buyers is that their was heavy support yesterday. The VWAP was 20.06.

However, this one could rise from the ashes in 09/10- perhaps earlier. Phase 1 looks like it may be put on hold, and perhaps rightfully so. i.e if they could turn off the lights for 12 months or so, it'll kick very hard later.

I hold at 15. Not sure what to do myself but I sympathise with long term holders atm.