Ann: Quarterly Activities Report, page-140

First 140 Last

Share
Profile

Follow
Bigmarn

7,137 Posts.

1403

02/04/24

22:56

Post #: 73157496
Share

Originally posted by gassed: ↑

'Land Court process with the final land owner to determine compensation for the Mining Lease is well advanced with submissions from both parties complete.
The Court’s decision regarding quantum of compensation payable is expected in Q1 2017.
The Environmental Authority is in place (EPSL03068015). The Environmental Bond (financial assurance) is expected to reflect the small area of disturbance and the limited activities on site - processing and tailings will be off lease.
Mine planning for phase 1 is complete - very simple near surface orebody."

Note, they are only talking about the amount of compensation payable, NOT, whether or not the ML will be granted!!!

That's a Major step forward for shareholders. We now know exactly what is happening and it's now entirely up to a decision of the Land Court. And, I must say that I fully understand why this has not been disclosed before.
Clearly, they were in the negotiating stage with the land owner and until it actually had to go to the Land Court I cannot see that that "negotiation process" would have involved a disclosure to shareholders that LNY was contemplating (threatening) to go to the Land Court WHILE the negotiations were still being undertaken.
That, IMO, would have been a very provocative move and could very easily have made an already apparently recalcitrant counter party much more un co-operative. You don't conduct "negotiations" with a gun at someone's head!!!
Again, not placing too much importance on NZ.
And they still have $720K in cash.
Changed from hold to buy after that.

Expand

how’s that working out you? One of the most hopelessly wrong posters on hotcopper, people are writing books about your drivel.

SVG Price at posting: 2.5¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

DEV

Prospects close to historic NT mine pick up strong uranium mineralisation for DevEx

SM1

Synlait warns FY24 revenue will be lower than forecast; scraps estimate altogether

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 1 more message in this thread...

First 140 Last

Add SVG (ASX) to my watchlist

(20min delay)
Last 3.7¢		Change -0.004(9.76%)		Mkt cap ! $10.40M

Open	High	Low	Value	Volume
3.7¢	3.9¢	3.7¢	$3.572K	92.23K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.037
3	14853	0.036
1	52421	0.034
1	60057	0.033
1	19500	0.026

Price($)	Vol.	No.
0.040	50000	1
0.041	50000	1
0.042	97481	1
0.043	29069	2
0.045	100000	1

Last trade - 15.00pm 16/07/2024 (20 minute delay)

SVG (ASX) Chart

Ann: Quarterly Activities Report, page-140

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Prospects close to historic NT mine pick up strong uranium mineralisation for DevEx

Synlait warns FY24 revenue will be lower than forecast; scraps estimate altogether

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities Report, page-140

Top Stories

ASX Market Open: Australian market to bump up on record Dow performance and hopes of Fed rate cut

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Prospects close to historic NT mine pick up strong uranium mineralisation for DevEx

Synlait warns FY24 revenue will be lower than forecast; scraps estimate altogether

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News