Ann: Binding Terms for the Sale of Colombian Assets, page-35

I have followed LCL for a while but never thought much of the Colombian assets. The gold market is still asleep, it might wake up next year, but who knows. There are so many companies with gold-in-the-ground projects that are trying to get into production, and years go by with no progress. The PNG project looks interesting; many moons ago, I worked in PNG at Porgera; there is gold everywhere, and the locals would come in with nuggets to sell from the local creeks. But until they find a mine that is in, or soon to be in production, I am staying on the sidelines with this one. Exploration without a producing mine is too risky for my blood. Neverending cap raises and dilution. Good luck to all invested.