How many stale holders are still happy to get out at sub 4c now that they know the look through value of HAW's JV with LCY is worth 8c per share.
Sell orders have been pulled back to high 4's and buyers are waiting to see if less aware sellers are around.
LCY @ 1.5c:
LCY own 60% Mt Ida @ 1.5c = $22m with $6m cash = $16m EV for 60% Mt Ida
HAW own 40% Mt Ida using LCY value = $10.5m + $4m cash = $14.5m = 8.5c
40% Mt ida with LCY, page-32
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