Hi Guys,I loved the part in the announcement that LL was "under...

Hi Guys,

I loved the part in the announcement that LL was "under budget" !!!

In terms of the SP I understand that shares are being put into the market from the recent placement at 11c as new holders are locking a 9-13% profit selling for 12 - 12.5c.

A shame for all those that are set, but an opportunity for those still accumulating for the medium term.

IMO, all it does is delay the inevitable. We've got some great news coming out early in the New Year (Azuay, etc) and the announcement today also alluded to how quickly Azuay may be ramping up into production: ie 100k oz production in 2012 (near the back end IMO).

Cheers
John