nmdc to submit binding bid for australian co , page-110

If the offer was 40 mill (which I am very sus on given bollywood reporting of late)how do you see us losing money as shareholders(yes short term the SP may retrace) but a Co recieving a cash injection of 40 mill in this current market is massive and I suspect would be the envy of most juniors out there who were trying to raise $$$ for their drill programs.

The fact that we will have a cornerstone investor on our registry who is FE and coal hungry and who has clearly stated they want to use LCY as a vehicle to buy up as many resources as possible is only a good thing for us investors imo. Remember it has taken NMDC nearly 12 months to get this far so I suspect once onboard they will be here for the long haul.

We should revisit this conversation in 12 months and see where LCY is trading at esp after we start fast tracking projects at Mt Bevan, RR, Hamersely, Kimberley,Laverton and any other resource Sharon has managed to acquire along the way.
The bigger picture looks quite rosie to me and a few on here have already alluded to this.