I think there would have to be some flow on effect if it's all positive. The NMDC on board with LCY pretty much means that there will be no issues getting finance for the project or LCY meeting their requirements and as such offers stability to the whole Mt Bevan project which HAW at this point still owns 40% of.
That said the more significant rise should be on LCY overall assuming it's not being priced in already which seems likely to at least some extent IMO.
To me it all seems extremely positive with the new ceo arrangement.It would not surprise me if the NMDC has found Sharon to be an extremely professional and skilled negotiator and so want her to stay on board purely in that role to expand LCY with further acquisitions as we know is the NMDC's goal. Of course that part is pure speculation but it's how I read the situation developing.
Good to see you are still holding zmans, like me you must have sat on some losses while accumulating and waiting for this, it's even more satisfying to see LCY moving through such horrible conditions, it'd have to be one the best performing stocks on the ASX over the last couple weeks I'd imagine. Does spec still hold I wonder? Or sold in frustration with the waiting game?
LCY Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
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