A$ v US$ also a vital factor. US (again) saying that there will be an interest rate rise "in December" and the U.K. have just increased their rate (doubled) which could trigger a world wide rise, while the A$ WILL stay at this level for the foreseeable future, "should" cause a drop in the A$. To counter that "positive", "world" economies (we are being told) are getting into better shape and while Trump stops playing games with Rocket Man, there really aren't too many obvious catalysts for a direct increase in the POG.
But, these are crazy times, so be a brave person to rely on the values of the A$ and the POG as an essential determinant factor in deciding to buy LNY.
IMO, LNY will be ALL about, first, the ML and then production and yields from that production. Meanwhile, while none of that is available to the market and no indications on the horizon when it will be, the market will continue to ignore LNY.
Also remember, although not confirmed by the company, that 109 million shares in the last placement @ .0033, probably went to S.I.'s and unless THEY have been told something that we haven't, most of those will very quickly go on the market even if the SP goes to .004.
Am very disappointed in the lack of communication with shareholders and only hope some can get to that AGM and have the guts to ask the obvious questions.
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held