I thought they were very clear in the proposed program for the next 2 years in the purchase agreement of the Lady Grey project for Circa $10 million from management and associated entities. The timetable for when payments were due to complete each stage of the project were quite specific and the mandatory CR every 3-4 months give an indication of when to expect a price sensitive announcement of little substance but enough content to allow a pump to raise the required amount of capital by INYATI to keep the lights on at LNR and most importantly to allow the associated entities receive the $10 million for LNR % of the Earl Grey project. Obviously the associated entities % of exploration and development costs are fully free carried by shareholders and are not obligated to contribute as per the agreement and terms negotiated by the directors and management of LNR and associated parties.
LNR Price at posting:
0.3¢ Sentiment: None Disclosure: Held
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