nmdc to submit binding bid for australian co , page-101

Too many amatuers on these forums. Im not sure many of you realise the potential of this deal. first of all lcy is undervalued considerably based on current assets. the indians are fully aware of it. so many of u think that the offer may be 10, 20c. if so the pricr will fall. indians do not like to see their assets shrink. why wouldbnmdc invest 40, 50, 60 million or more and then sit back and watch their investment shrink??

would it not make more sense to buy the company at market considering the market capital is only 30 mill?? they could have started buying at 10c and kept on buying all the way to 40 c and they would easily own more than 50% of the company. That would cost them less than 50 million. nmdc have been thouroughly examining lcy and their assets both what they have now and future ptential.

this deal if it goes through is going to be a cracker for lcy. maybe not immediately as their will be traders all over this now but medium term this has well over a dollar written all over it.

no compnay with 2-3 billion tonnes of iron plus jorc gold resource and a major investor is going to hover around with a market cap of 30-40 million dollars. nmdc will make sure of that.