I agree with what you say about the LCY threads. It's disappointing and you can see how much business would get done if any of the big mouth posters were in charge of a company.
This is a question that has been on my mind for a while... Everyone is assuming that we HAVE to start spending to put Mt Bevan into production... I can't see why we have to do anything. Can't we wait for them to need to put it into production? India wants IO ASAP - this is why NMDC are buying into LCY! It would have to take 3-5 years for first shipment from Mt Bevan from now so they aren't going to want to wait another 5 years (making it 8-10 years from now) waiting for HAW to go broke, to get the IO.
Even though it massively undervalues it's true worth, there's potential for LCY to buy Mt Bevan with that $18m that LCY received.. Maybe that's why it was only $18m..? This allows HAW to be cashed up for the gold.
HAW Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
