Sure the entry is a bit low, but look at the positives.
- LCY are basically 99.99% sure of getting their 60% in MB. Another year to spend $1m+
- HAW sold the 60% for $3.5m, with $1.5m spent so far = an overall value of $200m. So even if LCY spent the whole $3.5m, Sharon has turned $3.5m into $120m+ (being 60% of the $200m). I like those numbers.
- Also LCY have 17% of HAW, so that equals to $34m shareholding in HAW if the MB project is worth $200m
- The Independent expert report says LCY's side is worth $120m. So another 2 months and LCY will have an asset of $120m over 476m sahres = $0.25.
- NMDC on board, thinkgs like MAK are in the pipeline
- We have $4bn in cash to spend
- Having NMDC on board is like having india as a partner
- Do you think NMDC are going to sit still and not do deals to make serious money.
Well done to Sharon for getting NMDC on board. Amazing job.
You could have given half the company away for free like DHG44 said earlier in the week, but you managed to get us $18m of spending money.
Go Shaz..
LCY Price at posting:
13.5¢ Sentiment: None Disclosure: Held