RE: Surprised at lack of trades10 Apr 2018 10:24
LCCM has to be proven to be commercially viable. We are not the first company to try and anyone investing would surely have done their homework on the 3x previous owners. We have to prove we can make it work where others have failed. Everyone has their own views, our BoD are selling it to their investors as a project that they think will work. RMA sold to our BoD a project which they didn't or couldn't take commercial (although they certainly made a good profit). Investors notice things like this and until LCCM gives more evidence, it is just a $3m cost on the finance sheet. I really want the BoD to make this work as it was introduced as the future income (post COBRE) to finance our existing projects. We have on paper some excellent assets. Let us now focus on what we have and work fast and hard to bring some value from our existing assets to our balance sheet.