Ron, lcy won't sell Bevan for anyprice. They will moth ball it for years before they sell it. You should ask Haw, why they don't make an offer for lcy 60% if you feel this way.
If you look at the market cap of both lcy and haw, you will realise asking for 15-20 million won't happen in this market .
Haw market cap is under 5 million with gold assets and cash, so that what the market thinks of what the remaining 40% is worth. If it was worth a lot more, it would be reflected in the share price.
LCY Price at posting:
1.6¢ Sentiment: None Disclosure: Held
