I've just enlightened myself again on just how "Laneway is positioned for growth" as per the presentation to the AGM.
It's one impressive presentation and I don't think anyone has had any doubts of the potential of this stock to be a success given its assets. It's always been positioned for growth. And, it seems to me that Bizz has set out an impossibly busy and ambitious year for themselves in 2021! If only we could believe them.
This statement made by Doctor Fouad (former resident ramper of PW's graphite baby) continues to resonate with me, "It is not your fault if you believe what management says but if you stick to erroneous beliefs despite execution on the ground being contrary to the claims made by management then it is your fault and blame only yourself." https://hotcopper.com.au/posts/38341523/single
Unfortunately, the paradox has uncanny resemblance to LNY. Anyway, whilst we grapple with LNYs history for a lack of execution perhaps next year will be different... we can only but live in hope, I guess. In the meantime, perhaps the rusted-on faithful could shed some light on this statement by the company....
Given the massive $32 million figure LNY produced in gold sales from the 2019 compared to the profit figure (after mining and processing costs were deducted), how can the company make such a claim? And, what are the "low cost production" figures for this current campaign?
Somebody... anybody? I'd hate to post comments that are lengthy, that over analyse and out of context. Perhaps PC is the man for this job.
