Ann: Quarterly Activities Report, page-255

Towie to position a company for TO a company needs an extensive and proven drilling program. LNY has only fluffed around the surface which proved successful and put cash in the bank. But much more to be done in my opinion to get a serious player to the table and for holders to maximise a return.

Anyway SB being such a big holder controls all. Everything revolves around him and when he is ready to do something. Sad isn’t it in this current climate to do nothing and control the power. But when he finally acts then and only then will we see an increased in SP and possible TO.

I can’t make sense why after 9/10 months has past since last action and especially in this boom gold time climate LNY remains in hibernation and the company still pays remunerations when clearly to me we are in care taker mode. Just not acceptable is it.

Anyway that’s my monthly input. Check back in July.