Good to hear from you tman6571. Yes, there's a few of us old Renison day guys that are still holding. Just as an aside, I reckon that we are in a FAR better position now than those latter days of Renison and just being frustrated by the TO agreement and the subsequent Mining Licence. But, I REALLY do not think that they won't happen, just when. In saying that it goes to say that I think the current share price is quite irrational.
But, the big but, the market is not being fed the most essential thing that it has to have, information, and until more information is released, nobody is interested in buying the shares.
With that lack of substantive information it has lead to conjecture about the whole EOPL deal and the TO agreement.
When it says that the agreement includes employment and training, that really is not mandatory to settling the agreement. The agreement is between LNY and the TOs and the rep for the TOs is adamant that there are no native tile sacred sites in the proposed mining site, nor any infringement on any sacred areas with the transport etc.
LNY will not be doing any "work" on the property and with doubt who will be doing the "work" that just might be holding it up. But, after direct discussions with the EOPL owner it is clear that he will not participate in ANY Native Title matters.
IMO, a simple equity interest to the TOs would suffice.
They are THE major issues that shareholders are peed off about with management. Why can't they simply tells us at what stage the discussions have reached and what are the factors causing any delay, if any, given that they only commenced at the end of November 2017. 3 months is not a long time in Native Title language !!!!! And, what is the status of the EOPL agreement.
My dealings with PW have been most cordial, he is a very decent bloke and with the "old" management team, I can only see him as being a very positive inclusion for shareholders.
Hope you get some more contributions.
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
