You know Towie your comments were spot on.
I don't mind CEO SB keeping a close watch on all which is fine and to be expected - BUT he does need to ensure the market value reflects the true value of the companies assets. I know he is doing his best and I give him credit for that.
But he hasn't been able to add value for himself and shareholders. At the end of the day that is what it is all about!
As Suzygs1000 rightly pointed out that is just not happening - a company with a billion dollar gold asset valued at 11M!
And the gold is near the surface accessed by more economical open-cut mining techniques.
And we are debt free and cashed up!
The PR company are clearly DUDS and need to be replaced. But unfortunately it goes beyond that.
I will be looking closely at the next announcement.
IMO perhaps this company is now bigger than SB and SB may need to replace himself and the board to realise the companies true worth and take LNY to the next level? Unfortunately sometimes egos can get in the way for what is best for the company and shareholders.
To reflect the billion dollar plus underlying assets, I am no mathematician but the SP would have to be in many multiples of the current price.
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