broker target $1.93, page-3

Thanks Richrichie - having a day off from the good old Beach I see?! I've sold out there at a small loss to put extra funds in here at LYC - plan to be back in as soon as this darn TOL is issued and I've made a fortune!

Anyway, important stuff here:

"According to the Act, the Minister’s decision shall be
final and shall not be subject to any appeal or review in any court. If the
appeal is upheld, the TOL could be awarded"

"The Malaysian Prime Minister has been quoted as saying the PSC will not
decide on matters such as the approval and ongoing operation of the LAMP.
The purpose of the PSC is to continue to help raise awareness concerning the
LAMP."

"...we view the main risk of the AEL Appeal is the
Minister deferring his decision to the PSC"

These first two pieces of information are widely known by everyone here, but continue to be denied by the misinformed and the mischievous. The 3rd quote here though is at the heart of the issue and explains why the SP is not already $1.30 in anticipation of the TOL issue, as it was prior to TOL approval. (If there is any hint a decision will come out Monday pm, it may head there swiftly anyway.)

IMO, while it is a risk, it is not going to happen, as it would destroy Malaysia's credibility within the international business community and in fact the PM's credibility, having personally laid out the terms of reference for the PSC so as the Minister could make a decision without reference to it - the Minister would be putting himself in an unacceptable position and would have to resign. He must make a decision himself in the next day to avoid this. The PM himself expects him to. No minister worth his salt would go through all this only to say, "sorry I just can't make my mind up and I'm passing the baton." And there is no chance of this - Minister Ongkili has demonstrated he is far too sharp a political cookie to suddenly capitulate for no good reason and commit political suicide.