Love your enthusiasm and in usual cases your approach would be correct.
However LCY is a strange beast in that the management has just been that terrible that the likelihood of share price appreciation is basically impossible.
Former MD was caught burnt with fingers in the pie and had to repay funds.
Indians have done absolutely nothing to restore faith, taking admin fees for years killing the cash position, growing shareholder wealth immensely (once over 20 cents) to today's prices.
Plenty of emails/correspondence over the years, no response.
There was talk of a $200 mill LOC once. LOL.
You may well be right, but I think enough punters here are giving you fair warning.
Most of us have done our dough here of course.
Cheers.
LCY Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
