Ann: Kathleen Valley Funding Package, page-121

The game has now changed. LTR was worth $3 because ALB was willing to pay it.

Now that Gina owns 20%, it’s hard to see any other company attempting to takeover LTR.

Which means LTR just becomes the next stock to try to meet investor expectations as they navigate all the land mines which exist between construction and commencement of production stage. It’s pretty clear that commencing production and meeting expectations is incredibly unlikely (the only recent exception to this rule was Sigma in Brazil).

Thats before you consider the added complexity of the underground operation.

$3 for someone to take your shares (and therefore take away all of the production transition risk) was an amazing deal and hard to see how people passed it up, but HC never fails to provide insanity.

You only need to take a look at the SP prediction thread to see how far removed from reality so many ppl in here are. @anatol thought it would be $4.20 by the end of this year.