Ann: Mt Bevan Joint Venture Update , page-13

Hi DGH44
Pretty easy to blame everything on Hawthorn management
Even if Haw said go ahead.Please tell me where LCY is going to get the funds from to get the ball rolling.
Not the Indians.The best they could do is get u a cheap loan.Just to tie u over for a couple of months.
$2 mill cash to TNG.Then another $3 mill later.
If you go over both announcements from LCY and TNG.
The $3 Mill can be in cash or shares at LCYs discretion
Whats the bet TNG will get shares in LCY under the 15% rule.Dont have to ask those pesky shareholders for approval.But TNG will want them when LCYs share price is low.But will they get them sooner or later.
As for Haw.Last count just over $14 mill in the kitty.
If the chinese have hold of the purse strings.You want to have the paperwork in order if you want some money.
Not some figure plucked from the sky.
So we still get to throw rocks at each other.For at least 12 to 24 months.Before anything happens with Mt Bevan IMO
Cheers Finchy