Just remember when it comes time to vote. The actions of the company will dilute your investment 60 times more then they already have. If they couldnt get the SP above 3c previously with 2 billion less shares, how do you think they will do it this time and by 60X for investors to get a return. This whole set up if for their secret sophisticated investors who have made huge profits from our constant losses. This company is running as a money tree for mates, to not a company to improve value for share holders. Please voice yor concerns to ASX and ASIC to force an investigation into the shonky running of OUR company.
SI issued from 2022 - 2025. Instead creating value for shareholders they have resulted in the SH dropping from 0.014-0.00075c
June 2025: Secured approximately A$274,909 via a placement of 366.5 million shares at A$0.00075 per share. This placement was managed by Inyati Capital Pty Ltd, which received a 6% fee and 90 million options. 2May 2024: Raised A$2.2 million for the Lady Grey Exploration Project through a placement to sophisticated investors. Issue Price: A$0.0045 per share February 2023: Completed a placement issuing 140 million fully paid ordinary shares and 84 million options to institutional and sophisticated investors, including broker options. Issue Price: A$0.018 per share 5August 2022: Raised A$1.75 million via a placement of 125 million shares at an issue price of A$0.014 per share to sophisticated investors.
Each of these SI has resulted in massive dilution and SP decrease. We all know we need the money to proceed, but why does the board not try increasing the value to decrease the dilution. We currently have enough money for 7 quarters worth of exploration. Why are we dilution 100% then consolidating now. How about investigating the historical gold data, releasing the results, do sone soil tests and drilling and test what we have whilst increasing our REE JORC to create some value. Then do the CR to raise more money and decrease dilution.
GD
LNR Price at posting:
0.1¢ Sentiment: Sell Disclosure: Held
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