'Why are they firing up Phase 2? ' Janti, there were also...

'Why are they firing up Phase 2? '

Janti, there were also covenants based on Phase 2 for production and COP. The problem is that LYC have never disclosed the actual data, so we are not clear on the subject. However it just maybe that LYC are desperately attempting to meet various conditions to avoid another hike n interest rate on the loan.

As usual with LYC, lots of smoke and mirrors from management, even with AL at the helm. Only the fiscals can show us where they are, and even then are to be taken with a pinch of salt unless the small print is studied, imo.

Only a few weeks to find out how the last half went. By the time we see the data they will be 2/3 through the next 1/4.

As an aside one or two of the regular bullish posters (who are experts on future prospects) appear to have gone AWOL recently. We can expect to be told soon that they have been managing their position, sold at a good price, and have purchased again at the lows.

Long live the DOW.