another write up , page-12

A broken clock is right twice a day. For the rest of the time some people can read the time by natures indicators. In the case of LYC the indicators I read are that the company have sound fundamentals, is well managed generally but has finance problems which are the same as those faced by many others at this point in time. It is not in a serious position which will call in the recievers, it has sufficient finance to get through this period. The management have halted construction so that it will not run into serious financial problems. They are acting sensibly. It will eventually finance the project and LYC will be a great earner for its shareholders in the future. I am happy that the present situation has given me an opportunity to increase my holding at a bargain price.