Ann: Quarterly Activities Report, page-11

"They specifically call out capital raising was for agate which means that I think they believe it’s still good to go once formalised."?????

Fact:- They used nearly all of it to pay off debt and in the process added $460K @ 15% p.a. more debt from that placement!!
They raised $860K and now only have $172K left, after paying all of those executives and employees, how much work at Agate Creek will that do, IF, in fact they need it.

Could this be the perfect scam?? Who's going to vote against what they are doing, they literally "control" the company???
They've been doing it for every year that LNY has been in existence and that's saying nothing about Renison.


Absolutely no doubt that there will be another placement sooner than later and more huge dilution with either cash needed to be found or many more shares needing to be issued to pay interest on CNs and debts plus "any" contracted work!!!

Maybe this is what they are hoping for (still). "Joint Venture interest from parties in Laneway’s projects also progressed." "progressed", tells us nothing, as usual!