Hi johntie.
My understanding is they finished mining the first tranche to the initially planned pit depth last week.
They explored (drilled) deeper in the last quarter and have a new deeper pit design for future second tranche up their sleeves.
They have a couple of weeks of ore processing and then refining and minting to go and final tally of gold produced and sold over the next month perhaps.
Drilling should start soon - they may need to rehab the site a bit; or not. Plan was for near surface RC drilling campaign for further lens (not diamond drilling for Bonanza). When JORC of high g/t TOLL resource is established >15,000 Ounces Au they can TOLL treat with Maroon again under a new agreement. This is planned to keep the cashflow going while they explore the whole holding for a the big JORC >1 MOz.
The card in hand is the $60,000 spent on the coking coal asset. ... something is happening here as only $600o was spent on Agate Creek in the same period.
The mining operations director was partly paid at 0.9c so that is an indication SP will rise in the near future, as compared to company director selling of shares at 1c a few months back. This gives weight to the suggestion that checking company directors buying and selling of their own personal shares is a good indicator.
If you want to track company director transactions the marketindex link below is good.
https//www.marketindex.com.au/directors-transactions
These other two links are for reference:
disallowed/money/investing/follow-the-money-how-to-track-when-company-directors-trade-shares-20170529-gwfa84.html
https://www.asic.gov.au/regulatory-resources/corporate-governance/corporate-governance-articles/director-share-trading/
Best wishes .... hope you make some good money from LNY and your investments.
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