GREY:LEWCF - Post by User
Post by
cabo1on Sep 06, 2013 6:41pm
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Post# 21724031
Current status of LWC
Current status of LWCFirst off let me thank all of you loyal shareholders for your support. I am sure you all are wondering about the future of your holdings in LWC. The current financials due will be filed within the next week. It has been a long road getting these done with the switchover to IFRS and our debate between the accountants and auditor have been nothing short of painful.
Nothing has much changed with the company except the listing which as you all know is expensive without really any tangible value. LWC is considering a listing on the CNSX which offers the same services at a much reduced fee to you the shareholders. We are pursuing the sale of Pistol Lake and or a joint venture on Nithi. Our logic is simple, these are difficult times and demand different solutions. We will find a way, so please be patient as management has also a huge vested interest in being successful.
The moly market is still very much dead but the best things for most commodities is lower prices whcih eventually bring higher prices. Stay tuned.