any comments on announcements, page-40

I am against short selling too but you have to ask yourself this question:

Why was it that LYC had a stable price of around 30c and after the project update announcement and the covertible bonds announcement this has nearly halved?

In my opinion and it seems a lot of people's opinion, LYC might not be able to fully fund the development of their project.

LYC has a good business case with the REO but in this climate when it is hard to sell products and borrow money, there is always a chance that the company might be able to startup before the storm is over.

I think their remuneration policy does not help their cause either. They are issuing too many shares and options to their employees. I don't think any other junior miner is doing that.

P.S I used to hold shares in LYC