The most recent 1/4erly cashflow report reveals transaction costs related to the issues of shares and convertible notes = $127,000
So let me see if I’ve got this right, we the shareholders paid $127,000 for the Directors and a couple of their mates to pillage and plunder LNY @ 0.003/share & 0.005/CN, just moments prior to the granting of the Mining lease and subsequent pouring of gold.
”One last raid” a well known broker mate stated at the time.
Then the most recently appointed director (whom was surplus to requirements), selfishly and opportunistically sell LNY (on market), at first & maiden gold pour, at first opportunity (directly after his window opened), to partly fund another asx listed company.
Remarkable...with respect to the directors...LNY is the gift that just keeps on giving!
LNY Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
