weird or what?....., page-65

Kozzie,

I am not questioning your reasons for buying (investing) in LCY.
I was marly interested in your reasons why you still hold if your sentiment is so negative.

I'm sure that all in here would agree that we don't want blatant ramping either up or down. What we do want is everyone's opinions which are based on facts and a bit of lateral thinking.

If hard facts are not available then we should look at the most probable scenario.

There is no point in lamenting that the world is about to end because we will get a CR next week to raise $1.3b at the current SP if such comment has not an ounce of truth in it.

Instead of jumping the gun and posting such nonsense why not think about it first before putting pen to paper. (This is a general comment).

So many still think that the deal with NMDC is so bad because they only paid $19M for 50% of LCY.

Let's see what has LCY got right now?
How much is LCY worth right at this moment?

Our biggest asset is Mt Bevan worth millions of dollars, right?

Wrong.

At this moment we own zero% of Mt Bevan.

So why did we expect NMDC to pay us $100M for their share?
How can a Govt organisation pay for 50% of something that we don't own?

While most in here were preaching $100M I posted that we should be giving 50% of our Co to NMDC for FREE in return for the benefits we will receive later.

Hey, I'm happy as the deal was way above my expectations.
We got $19M more then I expected and the non cash benefits are about to come to fruition.

Moral of the story?
Don't set your expectations too high and you will be pleasantly surprised. LOL