G'day 20MillNoLess77. That unequivocally confirms what I have been saying for ages. Even the very heavily committed Directors, who also have huge stakes, are just copping it on the chin as SB has everyone by the proverbials, and they KNOW what he could do if they stood up to him!!!
In the AGM in 2012 for Renison pre-consolidation and restructuring, in their presentation they said that they had a JORC of 514,000 ounces (Nearly $900 million in today's money) and that they planned to drill 2 holes into the deep Bonanza zone just above the Agate Creek and Sherwood faults.
How many people bought shares based on that glowing future and stayed in for the new Laneway???
That was SIX years ago, when are they going to drill that Bonanza hole, as they have always had the necessary approvals for that exploratory work!!!
LNY Price at posting:
0.2¢ Sentiment: None Disclosure: Held
