Well after seeing gold prices surge in past 10 mths. LNY hand pricked a great gold patch and delivered 15g/T, momentum started to build. Holders finally enjoyed some hope and SP finally rises. Then back to sleep in my opinion failed big time to market our success. WHY was that???
Who would have thought this company would have so poorly maintained this momentum. Hardly marketed anything to the market. Now SP back to old time lows. Company again crawled back into hole. Huge Shares being sold off. Maybe more tax bills to be paid lol. This stock is so badly underperforming in my opinion.
Seriously something is wrong with this company and its structure imo. SH’s in my opinion are just not represented well enough from this company. Just look at SPX Stella 12 mths. Now DEG going the same way. Look what happens to spec stocks with a balanced motivated team. Unbelievable where we sit and what we have missed by such poor actions by LNY. In my opinion.
LNY is seriously in my opinion a poorly run company. Huge office rent benefiting a director/directors. Terrible look. The failure to capitalise on Maroons poor financial state which is poor. They may even fold if funds aren’t approved. Difficult times for them. Why didn’t EUC approach LNY. What do they know about our fluffy gold figures. They preferred a heavily unproven debt company than us. I think maybe something is a bigger concern for LNY that we don’t know about. Again something isn’t right here is it.
Failure to aggressively drill last year and this year while gold prices booming. Other stocks are motivated and rewarding holders our lot imo can’t be bothered well seems that way to me.
I could say a lot more but no point at this stage. I have absolutely no confidence and support for this companies board. I seriously hope holders would see it the same way and would like to see at least 2-3 board changes made.
I feel it’s our only hope to see holders finally rewarded and LNY only then would make the newspaper and reach market news which is critical in my opinion. We obviously are free carrying way to many in this structure in my opinion and who would have thought with all the financial wizards representing holders we would still be at all time lows in SP.
Sorry to say it board but you lot are failing holders big time in my opinion. Either step up and perform or resign I say. It’s not good enough to do the bare minimum, collect your pay check and only process gold to keep balance sheet and lights ticking by.
Would love to personally communicate with large holders say over 5/10 mil++ to see if we can actually spill some on this board. We need urgently independence and a serious breath of fresh air if we are to be successful in my opinion. That’s how I see it. Too many are living here in hope. I prefer greater certainty. GLTA.
LNY Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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