My most concern is not if HAW could find the money to fund its 40% interest in the next phase but NMDC's commitment. As you can see, under NMDC influence, LCY is picking up some lousy coal stakes which was expected as a major acquisition move in Australia. Good luck with those projects LCY holders. We again know that MAK decided to move on from NMDC's involvment, it's a waste of time in delaying the project. It will take for ever for them to decide how to spend its billion dollars in their pocket. Unfortunately, as they got 50% of LCY for cheap price it's NMDC again who will further delay our project. LCY is running out of their ~$18million cash NMDC handed for its 50% stake in the high risk projects. Its shareholders still think they will be carried by NMDC all the way to the bank. Tell me one single company who want to put their 100% money at risk to carry the rest of 50% shareholders. Yes, LCY/NMDC is my concern about how our project will go.
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