Ann: Agate Creek Gold Production Update, page-347

Hi true believers.
I am slowly loosing confidence in management's ability to reasonably report LNY's production figures so that MR Market can get
a reasonable handle on LNY and its prospects going forward. While the company seems to be mostly concerned with lollies in the bank
@ 30th June, market fundamentalists wanted to know the following for the June Qtr:-

We needed the folowing to the 30th JUNE!: (not to the 16th June or the 21st July)

-Total ore mined
-Total ore processed & average grade
-Recovery rate ( we assume 98%)
-Dore produced
-Gold refined
-silver refined
-Gold sold & average $/Oz & if hedging occurred ( If there was a hedge,it should have been reported to the market at the date hedge was struck)
-Silver sold & average $/oz
-Inventory of unsold gold & silver & dore ( without a hedge, it would be physically impossible, IMO, to have no unsold inventory @ 30th June)

IMO if management cant report in a forthright/normal foremat then Mr Market wont trust it, IMO.

Just have a second look at te June Quarterly:
-Page 1 states that Gold sold for the Qtr was 6966 ozs with LNY's share being 2329 ozs for $4.33 mil; the rest does not apply to
data at 30th June.

The standard foremat for a gold miner is to chart mining/production/revenue up front for the quarter to 30th June and then an addendum
of significant events post 30th June to date of report. Instead we get a dogs dinner of dates and stats the befuddles fundamentalsts.

Perhaps that's the intention?

This, IMO, is why the SP is languishing down at 0.9c - 1c. Mr Market is saying " I dont trust you and i'll wait until you prove drilling and
lollies in the bank later"

All IMO, only.