agm, page-2

you guys all talked it up last year about it being a massive agm. dont know why people persistently think this will be the catalyst for change.

can't you see they will all roll up say what they did, some people will get vocal and others will stew in their seats. there will be gossip and catching up and the general despair of another completely wasted year.

they will talk up something no mistake about it. some will leave satisfied, others will leave energised, others will leave thinking we've heard it all before.

and then guess what the SP will fluctuate between 3-5c for another year and we will all be back to same crap on HC this time in 2014.

at the end of the day, nmdc control the board and with sharon's backing are essentially untouchable. until nmdc and lcy pull out something actually massive (and not a 400k gold tenement, qld dirt or a 5mill NT paddock with potential - but an asset that is producing (sorry NMDC that means spending more than 20 rupee)) then this stock is one of the biggest dogs on the market. ASX hitting 5 year highs, LCY hitting all time lows. new govt (esp LNP) usually brings in a significant improvement in sentiment. not for lcy - mr market has spoken and thus far we are a complete and utter joke.

but dont worry, IMHO lcy board-members will ensure their remuneration continues and/or they will set up an alternative to move into and start the leaching process all over again.

good luck to you all. kidding yourself if you think the agm is going to be anything other than lip service. you can talk it up as much as you want and fire up at the meeting - but that wont do anything to the indian and legacy red tape.

its the truth (IMHO).

DW