strong buying still, page-140

Gee looks like everyone is confussed at what is going on!

PP not to sure what you were reffering to in one of your posts in regards to how NMDC will recieve their shares but one thing is for sure they will not be buying already issued shares they will be allocated NEW shares and if they want a 50% interest they will be issued and aditional 230 million shares taking the total amount of shares on issue to about 460 million shares.

The indipendant valutations are their to give NMDC a guide to what LCY is worth, now due to it being a guide they can offer more or less then the independant valuation but my guess is it will be less.

Proactive investors gave LCY a 30 cents valuation in the next 6 months on the back of a deal with NMDC.

So what they are saying is if a deal with NMDC is done we can expect a share price of about 30 cents in thenext 6 months.

This tells me NMDC will be offering under 30 cents and more then likelt between 20-25 cents.

This is my interpritation and am more then happy to hold as my investment in LCY is for the long term not short term.

Some people need to get their heads out of the clouds of they think NMDC are going to offer 40 cents plus which would see they needing to invest $100 million plus for a 40 cent offer.

Im tipping between $50-$60 million offer which is equal to about 21-25 cents...