Gid day Towie, Have you done much reserch on LNY I studied this...

Gid day Towie, Have you done much reserch on LNY
I studied this stock in Feb and rejected it for the followin reasons
1 Ashford Coal, thiese guys haven,t even got a mining lease on this asset,value $000
2 Agate Creek, no production at present, cutback planned for the pit to allow for
drillin to prove up extention of the ore body that dip under the wall, aparantly ?
3 ore that was cleand up in the bottem of the pit has been and stills is being processed
by a 3rd party and are owed $1.8mil unpayed for gld recovered and sold
4 Mates with chairman ( BAM ) have got a loan from LNY of $2mil due to be paid inJuly
5 Heavy number in shares outstanding 3.72 Bil\
6 New Zealand operation (Jubilee) is on stop ,don,t know why ?
They (LNY) have money in the bank (3.2 mil) and a loan set up but undrawn (3.5mil)
This is not advice but freely avaiable information DYOR
IMO not going any where soon