LNY 0.00% 0.6¢ laneway resources ltd

News: LNY Laneway Resources Says Co To Undertake Capital Raising Of Up To $3 Million, page-8

  1. 13,065 Posts.
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    We've known that all along. Sure, it's a trust me thing and shareholders are in their grip, but, "they" have had many opportunities to just call in the debt and take the lot. But, they haven't and as such, they are being given the benefit of the doubt.
    Happy to see if they earn that trust, I believe that they will. They have to pay 15% on $2 mil from somewhere and that at the moment can only be from income generated from Agate Creek.

    And let's not totally discount NZ. Might take years to succeed but, even good results will have an impact on the SP.
    "Drilling planned for later in 2018 will be focused within and below the historically mined area of Jubilee. Laneway has recently re-assayed a portion of historical core. Results showed a 30cm section of vein material which was re-sampled and re-assayed at 521g/t gold. This zone was interpreted historically as the main Jubilee Vein but actually sits approximately 50m horizontally behind the main stoped area of the Jubilee Vein system.

    I've been proven wrong before, but, I am happy to see this one through.
 
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