Hi berbardp
I note you are negative on LCY and rightly so given its fallen from large highs above 20c per share till these ridiculous low levels..
My question to you is...given LCY now trades below its $7 million cash position with nil debt and NMDC holing 78% of the company, why are you still negative?
Surely even you could see this is the bargain of the century given now the connection beteween RIO and LCY, and it looks like things are about to get moving.So i am asking Bernard about the position of LCY now...not last year...why so negative...ita all about timing..now is the perfect time to grab a bargain and if that buyer for 10 million gets remotely lucky and gets his parcel which i highly doubt, then they could easily make hundreds of thousand of dollars if not millions.
LCY will be taken over by NMDC at well above 3c per share in my opinion.
LCY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
