egm meeting, page-27

Manny

The reason behind selling lcy is not related to lcy at all..I wanted to buy gbg around current range so I converted lcy to gbg. GBG does have some power line issues but I took a risk assuming the smart mgt can sort it out.
No change in lcy sentiment.
I learned fromm mmx that not to rely on future good news especially when sp is not rebounding quickly with market expectations. There are always insiders who knows more than us.
IMO Its a good deal for long term and with todays deal sharon actully secured the finance which is very important in current global economic climate...