Originally posted by zdog13
Fingers crossed that the ML comes through quick smart.
Then the infill drilling results (assay pending) due in December will provide some much needed attention to LNY.
I fear that with all the CN and shares issued the SP may be stuck in the mud! I’m keen to be proven completely incorrect.
Zdog13. I genuinely believe that the ML process has become very much more streamlined and should not take long at all. I've had them take just 4 days recently. But, I, too, am looking forward to seeing the result of those latest holes, really quite important. And, who knows, management might even keep us informed and not have to wait until the next QR!!
Just makes last Friday's dump even more curious.
I know that there are a lot of shares issued, but, most of them are not "on the market", and with a MC of just $12 mil at the moment, that really does not give a true reflection of what LNY is worth once the ML is granted.
Today is a huge step towards a re-rating, but, I can't see it going over the top.
Incidentally, I have emailed the company and thanked them for the early release of that result.