Seriously imo one on here should grow up and settle down.... Those questions and comments from a couple of posters here are warranted on this forum and good points, this isn't the plants forum, it's everyone's. So sick of his personal attacks. "Pull ya head in" I say.
Bottom line is this:
1. If they stop mining for any reason, this will seriously impact the SP and quickly imo, due to quotas reached if any set, break downs and or the imminent wet season coming, will have a negative effect on the consolidated SP imo.
2. Some holders here still don't realise the impact of LNY's past reputation imo, combined with a very large board (seriously 6) which looks to me like a lifestyle financial club imo, as only one has serious mining background and since he was appointed LNY actually did something.
This 3 people are essential imo for LNY - BG, SH and SB, so we can find the 3rd director, maybe the legal one or outsource, but the others imo should move one as I can't see much independence being represented for the retail holders. So, the market needs time and the company have to prove themselves and cull this board imo before the market warms. Time for a fresh look. No point paint the outside (name change) but keeping the same car and furniture imo..
Yes, it's great that we are producing very well at present, but some changes have to happen to attract the much-needed institutionals, taking an important position here to block the controlling stakes, which is a massive power shift and concerns me imo.
In another week we will be a 20c+ stock and the expectations at this level demand a detailed plan to maintain momentum, slacken off and ouch watch SP. I am happy selling a chunk of my holdings, like others have leading up to consolidation and for the life of me cannot see this SP staying over 20c+ ST (explained my reasons in detail previously no point rehashing), sadly back your truck up Towie good bargains coming in 2022 imo.
Time will tell, we are moving finally in the right direction, happy with my position and everyone's input here is welcome apart from attacking personal childish ones. Be constructive guys, with balance, not emotive and personal, just makes one look childish and small. GLTA....
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