I have also contacted Rob. My holding is about 10 million. I have expressed my concerns over the years about the lack of exploration (esp- no deep diamond drilling at NZ and Agate creek) and poor increase in the JORC over the last few years. No expanding of Mining License so that if and when we discover a resource we can mine it. Our ML as a proportion of the total tenement is tiny. We have not employed a NZ project manager/geologist/exploration manager so this asset has languished. I just cannot see with the wet season coming how the company will sustain interest and momentum if they go into another hibernation, and then we face more delays and start-stop mining and exploration activity in 2020.
However with the positive media flow from the current mining campaign I expect SharePrice to rise to 1.2 to 1.5c up until the end of November.
Maybe Rob can provide some fresh ideas.
Merc Out.
LNY Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
