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Re: [sharechat] WORKING AT THE COAL FACE- LAC on the expansion trail ?

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 6 Feb 2001 13:32:42 +1300

Peter,

Further to my early morning's post, LAC announced that they already have completed the placement of 16 mill. shares @ $A 12.10.

This was well above the $11.80 they wanted and signifies the inherent strength of the company: < www.lang.com.au >

ENE's placement referred to earlier was followed by a share price recovery and this can also apply to LAC and LACO.

The not underwritten 1:8 cash issue will now become a non event, this time @ $A 10 to shareholders. The rights will start trading early March.

There won't be any giveaways here: It is likely that news of another expansion will come in the meantime; this could have the effect of raising the price of LAC, LACO, LACPA and the rights!

Some LACO holders may convert to shares. This will reduce the supply of LACO and supports its price.

We can only admire the modus operandi and timing of LAC!

It started as an investment company and therefore has a strong entrepreneurial basis.

They always seem to be doing something to enhance the share price!

LAC is more than just another infrastructure company!

Cheers,

Gerry

( Holds LACO and ENE )

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