I bought plenty of LCYOB some time ago as Dec 2012 exercise at...

I bought plenty of LCYOB some time ago as Dec 2012 exercise at 10c provided lots of safety. Also have some LCYO & a very nice qty of LCY.

LCYO is fine, but the DEC 2012 of LCYOB (exercise 10c) provides about two for one leverage over LCY.

LCY at 40c, then LCYOB will be at about 30c.
LCY at 45c, then LCYOB at about 35c; how can you resist a deal like that ?

This LCY/LCYOB/LCYO investment is developing very nicely; .... during the market turmoil LCY just keeps getting closer to the declaration of the NMDC deal & announcement of development of Mt Bevan & other projects.

This morning's announcement re the current major holder / CEO's new roles further reveals how close we are to the deal being fully disclosed to the market.

This is a big development.

LCY is going to be at 30c very soon & then will probably fly to the 45c + region.

By August 2012 we will be talking about a very different compny altogether; it will not be just Mt Bevan being discussed, the other iron ore projects will also be drilled to provide a JORC proven resource. The gold projects will be nice earners too.

19.5c for LCY will be an absolute bargain, have a look at the 5 year chart for AGO, that's the sort of development we might achieve here. (40c to $4.00) if NMDC fully backs LCY (as it appears they will), then we're about to see big developments.