the current state of play, page-12

JJ - I think the analyst pushed him hard on this.

There were several pauses in the session, I assume there was off record discussions between the LYC players on the call to clarify any misunderstanding with the English.

Eric appeared to confirm that 300t guidance for the current 1/4 was OK. He and the CFO had every opportunity to correct, and did not do so. We must assume, until told otherwise, that the guidance stands.

I have emailed LYC already asking for clarification, but do not expect any sensible answer.

LYC should put out a clarification to the ASX before open this morning. If 300t is confirmed then it is a bloody disaster for all. Clearly from the way the caller ended to call, he was very pi**ed. I don't recall an analyst ever making this sort of comment.

Also interesting that they disclosed sales value of the 117t to be $1m.