Mr PisscutterYou are a true straight shooter. And I agree with...

First 176 Last

Share
Profile

Follow
Mercury9

745 Posts.

305

03/11/20

05:34

Post #: 48599889
Share

Originally posted by Pisscutter: ↑

Ive been meaning to get back to this just to share a couple of thoughts but farm life in a drought can be a bitch. So LNY has been dead in the water in the past due to no cash in the bank to move forward. The lack of close by viable or operating processing plants is an issue in itself. Ive seen comments on here the individual deals are crap Id agree they're not ideal as you are giving up potential profit in additional freight (600kms charters and 750kms to the curry quad routes approx) but Id also say they are necessary deals. Your sacrificing some profit on maybe 30000 ounces give or take for what? To continue exploratory drilling to increase the size of your asset by potentially hundreds of thousands of ounces or double and have money in the bank to be in a position to purchase or build a plant. So in the bigger picture one deal that seems ordinary is pretty much the deal to start a cash flow to launch the company and increase its value deluxe. But also make sure you allow achievable time frames on activities to commence as some comments on here seem to think this can happen before the cash is in also in the releases I think the BoD have outlined a clear plan forward Im not sure how much detail needs to be out there. anyways thats how I see it. As for the share price thats the hundred dollar question I was only thinking back its been nearly 30 years that Ive been trading penny dreadfulls in the market up until the GFC liquidity in junior stocks was great. Since the GFC liquidity has been ordinary and there's been a few examples of that recently with LNY stock being dumped out by punters who've probably bought the stock @ .3 to .5 and working on an average sale price from a trading point of view lovely nothing to do with the company. but it does spook investors there trying to work out wtf and at the end of the day its just a profit trade pure and simple. My observations of the broader market is for a company to attract the bigger corporate/fund investors hence volume trades it has to have a market cap of more than 50mil another one of the GFC legacies. So once we see bullion being poured that should see an increased interest and liquidity in the shares which should flush out the punters and start attracting serious investors. Ive taken the opportunity to buy more on these dump outs I still think there cheap.
@docmin24 you did ask for my view dont expect anyone to agree with it just my thoughts on it

Expand

Mr Pisscutter
You are a true straight shooter. And I agree with your analysis 100%.
Merc Out

LNY Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

The Rising Tide: How institutional adoption is shaping the future of crypto

FXG

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

There are more pages in this discussion • 8 more messages in this thread...

First 176 Last

Add SVG (ASX) to my watchlist

(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $6.746M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	13339	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	20621	1

View Market Depth

No.	Vol.	Price($)
1	13339	0.024
1	29970	0.021
1	99320	0.020
1	200000	0.018
1	500000	0.010

Price($)	Vol.	No.
0.027	20621	1
0.029	49438	1
0.030	232914	2
0.039	13751	1
0.040	100000	1

Last trade - 16.12pm 28/08/2024 (20 minute delay)

SVG (ASX) Chart

Day chart unavailable

Mr PisscutterYou are a true straight shooter. And I agree with...

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

The Rising Tide: How institutional adoption is shaping the future of crypto

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Mr PisscutterYou are a true straight shooter. And I agree with...

Top Stories

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

The Rising Tide: How institutional adoption is shaping the future of crypto

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News