LCG 0.00% 6.0¢ living cities development group limited

see you are back with some friends this time nose. they went to...

  1. 648 Posts.
    see you are back with some friends this time nose. they went to the same school of facts (or lack of them). A mate in Perth attended a major mining conference where Manning presented only a week ago and all he discussed was the mpi. TFA put in $800,000 at 8 cents at the bottom of the market and they have no interest? like to see you buying your spp shares at 8 cents! they also just put thier aussie general manager on the board. obviously they have no interest????? Read the ann. it says money from raising will be spent on exploration not debt. and that debt was provided by directors when there was no money available anywhere to keep the company goiing. how often do people like us complain that directors only look after themselves. read page 18 note in annual report and you will find Manning took a voluntary $50k pay cut and earns less than the company secretary! yes cash from this raising wont last long but they are trying to avoid dilution. the market is getting better every day and i for one don't want to be diluted unnecesarrily. apart fron those little facts you power brokers certainly have eveerything right DYOR.
 
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