quarterly, page-14

I was one of those who read last month activity update with some scientism (Cafa too mentioning in other post, vaguely remember). Sold out at average 0.325c at a lost of 1c a couple of days after that update, and my holding was quite substantial (above $100k). I do feel the pain for LT holders but I do believe Lyc will come back when RE price pickup and so is demand. Demand will be the key. Demand up so will the basket price and LYC's profitability, i.e. share price. IMHO a capital rise is a serious consideration now since in the next 6 months ALL cylinders of LYC (production capacity, basket price, sale/demand) need to fire all AT ONCE for LYC to have a positive cash flow. And I don't see the demand/sale/RE market cylinder firing or improved in the next 6 months dramatically enough to bring LYC home. This is my sentiment only and I may have missed other factors that may affect my evaluation of the situation. GLTA.

tgn01