assistance regarding current basket price, page-11

AB, I think NC and Eric have/are playing the standard game with info. LYC need to set the expectation level somehow to avoid a dramatic SP movement when hard data is published to the ASX. All companies need to do this, or post a formal ANN to set the expectations.

The smartest way for any company to do this is to have press conferences, whereby only very general remarks are attributive to the company, but the press are allowed to speculate with various fluffy words.

This means that the company is never liable and can always claim deniability for anything printed.

There were only 3 lines as quotes from Eric, and the first one mentions 'may be profitable next year'. Everything else is deniable by Eric and LYC, as a news story with unknown sources.

This is similar to the press story a week earlier. LYC denied any price sensitive nature based on it being obvious to the market. Brings to mind that old English legal aspect of 'the man on the Clapham omnibus' or 'the man on the Bondi tram'

http://en.wikipedia.org/wiki/The_man_on_the_Clapham_omnibus