The 200m line of credit was the biggest piece of BS with how NMDC were going to use LCY as their Australian vehicle for acqusitions of near term producing assets. All that occured subsequent to this was the purchase of worthless coal tenements, the removal of NMDC logo from their letterhead, the sp tanking from 20c to .05c and Heng getting ousted.
As for LCY moving forward though I think that there will be an uptick to the sp in the near term due to IO spike, could be worth playing..
Ann: Significant Drill Results at Mt Celia-LCY.AX, page-35
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Change
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Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95501 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1631846 | 3 |
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