Sorry NAF, for the delay in responding.
Tree is right in his reply. But I do think that NMDC are playing a waiting game on all this. LCY is now under the control of NMDC, as reported on a previous HAW thread, to the tune of 70% plus of shares.
When HAW brokered the deal with LCY, ie 60% for drilling etc. HAW retains a 40% stake, with a 50% voting rights stake on Mt Bevan. Now this is the important bit to the story. If the 50% voting right is transferable to a buyer of our 40% stake, then we are IMHO on a winner.
As there are more savvy posters who own HAW stock, am keen to know what you think?
P.S. when NMDC came on board with LCY. There were reports of circa one billion dollars
in their cash reserves for investment.
Also it is worth noting their willingness to dominate LCY.
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