"Saint Curtis will bring LYC into production soon."
"soon".. what is soon? 3 month, 1 year, 2 years? We still don't know that, maybe next week.
"I used to hold ARU at one stage before switching to LYC."
Never put all egg in one basket! Hope your stock deposit is diversified enough.
"Why risk the money on a horse that can only run second to LYC in the REE race to production?"
The thought was, having a BFS and all the necessary approvals in place in 2011 beeing ready to go into construction with good infrastructure and full support of the people in Whyalla. No matter what the goverment will decide in Malaysia, LYC will always have problems because of serious mistakes NC has conceded just yesterday.
http://www.freemalaysiakini.com/modules.php?name=News&file=article&sid=14724&mode=thread&order=0&thold=0
So, Ward and Curtis obviously have something in common: a chaotic PR approach. They just don't care until it burns.
Anyway, if we compare the two, let's not forget about the valuation. ARU still has the chance to go into production by funding on a much better level than LYC did IF THAT IS INTENDED.
Curtis served his banker buddies with the big capital raising, Dr. Ward might go that "easy" way too. It's a matter of management quality.
regards
Julia
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