Cannot understand why anybody would sell LCY today when fairly...

Cannot understand why anybody would sell LCY today when fairly soon it's going to be priced at least double the current price.

Accumulators must be delighted about the current market ruckus - a great chance to pick up some LCY at a big discount to the price expected later this month.

re risk management; there's NMDC, other suiters (some already probably amongst the accululators) & the ongoing drilling which will expand the JORC reserves.

If NMDC complicate the offer, that's fine because then LCY gets more time to prove up the reserves & that would just further increase the valuation.

Risks with LCY clearly quite low. Today's article

"Legacy Iron Ore: Undervalued ?play?, not lost on Indian and Chinese iron ore & steel groups" ........points to a 45c valuation

http://www.proactiveinvestors.com.au/companies/news/18431/legacy-iron-ore-undervalued-play-not-lost-on-indian-and-chinese-iron-ore-steel-groups-18431.html

Hang in there, these opportubities do not come along every day.