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2.5¢ savannah goldfields limited

Ann: Application for quotation of securities - LNY, page-44

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Bigmarn

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06/07/21

14:26

Post #: 54316907
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Originally posted by Rhazzle: ↑

IMO with all due respect talking about delisting is scare mongering. It does not knit with the reality of the current favourable financial situation and the potential assets LNY has to be developed further.

Because the Directors of a company believe enough in the company to hold large shareholdings does not mean they want to delist.
Skin in the game is a good thing and shows confidence and commitment to the company.

In Australian law nowadays minority shareholders in such a situation would have great power over the majority shareholders and could make life a living hell for the Directors.Why would they invite that situation on themselves. They are already independently wealthy individuals living comfortable lives.

In addition being delisted carries a huge stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons. Delisting also tends to prompt institutional investors to not continue to invest in either the company or anything the Directors may be involved in.

For the above reasons IMO the Directors would not want to be involved in delisting. The stigma attached to a delisting would ruin the Directors reputations.Their investment is running along nicely now with great potential upside which is why they are investing more in the company.
Also being a listed company allows greater flexibility for selling small parcels of shares as the value increases.
Simply put IMO there is no advantage to delist, just disadvantages.
DYOR

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”There investment is running along nicely”

it sure is for them, they nearly completely own a possible 300000 ounces of gold. If they cared about their reputation in the slightest they might for starters get back to shareholders regards the trucking of 200 000 ounces of ore to be processed as announced in 2016, or update shareholders in regards to the spectral study due 7 months ago. These points are their announcements!!
There is an enormous upside to delist, 30 odd people will own the resource!!

LNY Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
8 Upvote

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Last 2.5¢		Change -0.007(21.9%)		Mkt cap ! $7.027M

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Ann: Application for quotation of securities - LNY, page-44

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Ann: Application for quotation of securities - LNY, page-44

Top Stories

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MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

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