Boils down to shareholders not putting too much ST "value" in their calculations on producing coal from Ashford. Best case scenario, S to MT, will be an upgrade on the resource and a sale.
The ST future that we will be looking forward to can only revolve around getting that TO agreement towards the ML for Agate Creek (we desperately need that cash flow, our dilution is becoming a real negative) and the "pie in the sky" at the moment is the possibility of something very nice and shiny coming out of those 800 metres of core samples in NZ.
The "market" has started to throw out "smoke" so it is our only source of entertainment until management start typing announcements.
In all reality, one should not have expected any sort of "stimulating" announcements from management after what happened on Thursday. "Someone" would have a stack of questions to answer. So we saw that very sobering ann that knocked some DT hopefuls out of their dreamworld and now we are stuck with 50 million shares to get past .006 again.
Meanwhile, can only watch the market and wait for any one of those "material" announcements.
Can always still pick up a few more @ .005 while we wait, might even get them at .0045!!!!
LNY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
(20min delay)