LNY (ASX) shame

Originally posted by gassed ↑

G'day Dugsab. Quite frankly, when was the last time LNY was "GREAT"? Really???

Yes, Agate Creek has always been a great opportunity, with a proven $600 million of already gold sitting there, but, sadly, LNY manages it and that's been the problem for many, many years.

I will never understand how there can be a legitimate reason for the processing of that gold not having been started for over 8 years, when the company has been screaming out for cash and surviving on debt finance and equity dilution??
That's the question they should be answering Dugsab.

I still reckon that you should refresh your understanding of the phrase "PYRRHIC VICTORY"!!!!
I'll remind you.

A Pyrrhic victory (/ˈpɪrɪk/ ( listen) PIRR-ik) is a victory that inflicts such a devastating toll on the victor that it is tantamount to defeat. Someone who wins a Pyrrhic victory has also taken a heavy toll that negates any true sense of achievement.

And remember, it won't just be you suffering, there are 4,000 others who would also be affected!!

Your own words over the years have said it, how many $millions SB has personally put into this company and how much he is still "owed"?
Where would LNY be if SB had walked 4 years ago??
Well, he could just walk anytime he wants to, right now. He personally owes LNY and its shareholders ZILCH!!!
Let's not beat around the bush, SB has got all of us by the short and curlies.

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With the A$ down to US$0.74 and falling, the relative price of gold, in A$, is enjoying an upward ride.

1,737.76

+15.97
+0.93%

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