Hi guysthe resoan Lcy was sold so cheap to NMDC was because they...

Hi guys

the resoan Lcy was sold so cheap to NMDC was because they are to use LCY as a vechile for ALL transactions, this is to aviod ASIC/GOVT issues, with LCY as the vechile NMDC will not have issues with GOVT approval,this with-in its self is worth $/time savings to all parties.

The $19 mil purchase prise is not relevant, it was cheap but with what NMDC bring to LCY it is worth much more in the future,the funding is what it is all about.

Until NMDC commit actual cash into Mt Bevan & Res upgrade the sp will remain low,IOM the cash injection will be the main driver to the sp.

The Res upgrade has not been factored into the sp IMO,should get a lift to sp, but $$ coming in will be essential for sp to` really move

As for the LCYO's, if they are to be extended they want be free, there will have to be a small charge, say around 0.5c per opp.

All IOM of course, but seems fairly simple, if you read all ann's & keep the issues as they sound,the frustration is we all want answers before decisions are formally dealt with.
Lets all be patient,all should be sorted out clearly by Q1 end.

Cheers

Dan