Ann: Annual Report to shareholders , page-2

So the due dilligence is nearly complete on the thermal coal project in Xinjiang.

Its taken time because its a high quality asset in the chinese reglulatory environment.

I thought this interesting - "Management and its advisors have also commenced discussions and negotiations with a large state owned enterprise on joint venture arrangements which, in the event of a successful completion of the
transaction, would become the Company’s joint venture partner on the project."

So straight away LRL, with 50 million in cash, is already teeing up a major JV partner.

This leaves me wonder just how big this Thermal coal project might be????

Hmmmm, I am considering adding again.

Oscar