mexican standoff, page-13

LCY is not automatically entitled to get the shortfall, if any. There was no incentive for them to delay the release,imo.

They could have launched a t/o at any time to avoid to pay for an extra 0.5 billion shares. But they did not. On top of it we all knew that we could expect a resource doubbling. So, fence sitters had no reason to wait for the JORC.

3m or 5m in HAW's pocket is not what we have to offer, it is Mt.B and that has trippled and it is worth now about 200m at our 40% share with HAW still holding 100 %.

That is our bargain power, not 3 or 5 million, which won't be enough to develop anything but will be enough to market and advertise us to other potentially interested parties if LCY plays low ball.

Tomorrow we may know more, stay positive guys.