I had at one time 60% of my portfolio in LGDI and know own just 1000 shares and only so I have a reason to keep up with it. I think the turning point for me was when I sent an email to IR, I believe it was February, and asked if they still intended to proceed with production of raw ore this year. The answer, like Gutnick's in the press around that time, was a resounding yes.

I personally don't think they had any intention of following through at that point as they must have already known about the Wegnfu partnership on the horizon. It would appear to me as either blatantly dishonest or at least ridiculously naive. I wasn't comfortable with either. Nothing they've done since that date has inspired any greater confidence.

Can anyone venture a guess as to how much cash is on hand at this point, I haven't been tracking it that closely?