A perfect summary of the state of affairs with this company . I...

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hotpasty

92 Posts.

53

10/08/20

19:22

Post #: 46434907
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Originally posted by docmin24: ↑

With respect I agree with the Pig summed up perfectly. Those posts were the complete opposite to what LNY actually delivers its holders, most holders are furious with LNY how can anyone say LNY are fantastic and ANW is in great hands is beyond me. LNY isn’t the poster boy for a wonderful transparent listed ASX company working 100% for their holders imo. Both appear nothing more than life style companies to me imo.

All we are is a means to earn income by doing the bare minimum in my opinion If any of us performed at work or in own business like these companies we would be sacked or broke in my opinion. My point no one can honestly talk how great LNY are it’s one of the worse run companies on ASX imo. This company has to stop the contempt, arrogance and take a good hard look at themselves and achieve. All holders deserve better in my opinion.

The ASX is full of boards earning full time remuneration, excessive bonuses for actually delivering part time results while serving on multiple boards. Most of these penny stocks rarely succeed and reward holders, eventually holders see nothing but dilution and SP slides in my opinion. But directors seem to alway prosper and continually survive. Whole system needs a commission to me.

Anyway the gold boom will end and LNY will have achieved what exactly, may even be left waiting. Time is ticking. So much potential just being wasted imo

Also again in my opinion both these companies are obviously conflicted from what I have read and what the Pig has stated in my opinion Just not a good look to me. Each of us have our own opinions and actions. Mine is to exit as I don’t trust this company. Not down ramping just being up front and transparent. Covid with flight restrictions has worked well for LNY facing an AGM sadly another year of their survival imo. Have a good day.

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A perfect summary of the state of affairs with this company . I mentioned in an earlier post that I felt Laneway/Bizzell was uninvestable without any explanation. It appears to me that he is better served keeping lny ticking along with various annual activity pronouncements to satisfy the patronising vomit that will be spewed out at the AGM . Whilst drawing in the region of five hundred thousand dollars per annum to cover various rent and admin costs whilst utilising the personnel for his other interests. I am not convinced that with such an income he can be bothered to build a mining company and all that goes with that whilst additionally receiving an interest rate of 10% on any advances.
The gold price as we know is high which under normal circumstances would spur activity with all haste but not with Laneway . It has been mentioned on here that Lny should have an increased PR presence by sending out brochures DEAR GOD we live in an age of Dark Pools and Algorythmic Trading and yet send out a brochure !
WE are led to believe that Ashford has been sold and a poster here has alluded that the NZ leases have been for sale since 2019 I do wonder if Agate Creek etc is being offered for sale through his network as this lack of activity is not normal with bullish gold prices .
Something is not right here which is a pity as these tenements in the hands of a serious company maker for example Owen Hegarty ex Oxiana would be a perfect springboard to build a mid cap miner rather than being a corporate dalliance.
My comments are of course in my opinion as a Shareholder of this company.

Good Luck
HP

LNY Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
9 Upvote

3 Great analysis

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