28/10/10 Project Investment and Off-take Agreements
The company is pleased to report that the discussions with new parties identified at the beginning of the quarter have progressed well during the reporting period. The most advanced of these discussions has seen a proposed term sheet exchange, an overall deal structure agreed and detailed draft contracts prepared. Currently draft contracts are being considered by both parties and discussions remain ongoing in respect of the overall quantum of the proposed deal. Interest is in both the Companys Yalgoo Iron Project and the Western Haematite Project. The company will keep the market appraised of progress.........come on Brett, almost 7 weeks have passed with no progress updates.
LCG Price at posting:
14.4¢ Sentiment: LT Buy Disclosure: Held
