Ann: Investor Presentation - RIU Explorers Conference, page-19

How can he be well prepared, confident or enthusiastic when LNR have fount basically nothing, and are planning to issue a further 500million shares at 0.003 ( that is less than 1/3rd of a cent )?

LNR have moved from project to project, and now find themselves in a very critical situation which is issue at the 0.003 price or most likely fold

As I said one would find it hard to be enthusiastic, confident or well prepared with the above situation, and shows the extremely difficult penny stock mining exploration game when cash balances are critically low, coupled with large amounts of shares on issue and little to no exploration success as we see with LNR.Its a credit to the management they are still afloat I guess, but issuing hundreds of millions of shares at 0.003 won't make the situation much better in my opinion.