Ann: Quarterly Activities Report, page-9

Rhazz, when I actually see a drill being commissioned and on site, then I will believe. We are broke!!!!
We urgently need this 9000 ounces processed and sold which will bring $19 Mil in sales, take out costs leaves LNY with ??? god knows or use SB's loan at 8-10%, not bad rate is it, mmmm!!!!

2 things amaze me here with LNY that I personally find totally unacceptable and the company has to explain to us holders imo.

First point is that NZ has covid under control like WA have until recently. WA/NZ mining operations continued all through covid along with other stocks I own, even drilling happened in other countries such as Africa during this time. LNY did nothing of any significance imo during this time, put hand out for job keeper and even had a director working at home in Vic. Our financial directors do not have to go to NZ after Maroon imo and litigate by our inhouse director lawyer to get our $1.8Mil back. Surely if they were serious with NZ something would have happened in last 18 months. Not good enough the way I see it and totally unacceptable imo. Lets hope this time they are serious!

Second point is the fiscal management which seriously impacts on point 1 and in turn effects every holders investment as we remain sub 1c and can't do much to improve the SP. How can a company being run by financial fund managers deplete our cash balance sheet to $100K is totally again unacceptable to me.

LNY can talk and promise all that it wants to but the reality we all face is without cash nothing will be done and time is ticking fast once again. So we can't do anything until this gold is mined and processed which maybe April to start and this dictates everything LNY does going forward. Another cyclone in Feb, a few more puddles and further delays then moves into drilling NZ in winter and beyond Q3/4.