Agree it will be cheaper but wonder if there is also more to it than that. The Toyo part of Toyo-Thai relates to the Japanese company Toyo Engineering Company. As the Japanese are the source of funding for Stage 2, I wonder if it was conditional on having Japanese engineers involved?
Either way, conspiracy theory or not, it will cost us less, keep us on good terms with our creditors and see us double production by the end of 2012. Everyone happy, except maybe UGL, who I believe have done a good job and kept things on budget from past quarterly reports.
And certainly agree with your comment that Nick "must have gotten the nod from the government to quickly proceed". With this latest release I have even more confidence in the fact that the government are on side and will be more of a help than a hinderance. They needed the independent IAEA assessment as much as we did to show both sides are doing the right thing.
I have been holding LYC for around 5 years, and glad to see the light at the end of the tunnel. Q4 2012 can't come soon enough for me - payday!
why ugl didn't win the 2nd contract, page-3
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$7.04 |
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Mkt cap ! $6.580B | |||
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