For the respectful posters which fortunately are still the greater majority.
I attended the AGM 2020 yesterday.
Fortunately all the information that can be divulged by the board at this point in time is in the presentation which you can download.
It is comprehensive. I recommend you don't skim read it. Note particularly the drilling planned, assay results in new prospective areas, and reference to the new technology. It is all there if you study it carefully.
I believe we are fortunate to have Stephen Bizzell at the helm. He has a steady hand on the wheel and his vision remains solid, backed by vast financial, corporate and management experience.
The meeting confirmed that we are still on track. Financially strong enough to pay our own way without capital raising to build the company further by1. raising our JORC reserves with extensive drilling in 2021
2. using interim processing measures whilst planning for construction of our own on-site processing plant
3. moving closer to mining the 1 billion + proven gold reserves
I would just like to make a comment as to where I believe we are up to.
Some smaller shareholders, were expecting faster progress, earlier results and a higher share price. Hence some disgruntled comments on this forum. These shares are definitely not for mum and dad or get rich quick investors.
Larger LTHs know it takes time 'to build Rome' and they will continue to accumulate the discarded shares of those who can't go the distance.
But right now I believe we have the foundations in place and have started the building process.
IMO as a result the SP will remain in the near future at good buy in levels which are well below the real value of the company.
Over the next couple of years I see an exponential rise in asset value now 'the ducks are all in a row, coupled with a corresponding share price increase.
In summary IMO the near, medium to long term future looks excellent for LNY and I and my family will continue to accumulate shares.
As usual DYOR and good luck to all shareholders.
(20min delay)