2oMillNoLess77. As I've indicated before, it is absolutely pointless trying to estimate time lines. They are dealing with PEOPLE of the Ewamian Traditional Owners, public servants in the Native Title Land which need processes to be satisfied and I posted the relevant link and that's BEFORE they can even go to the DNRM for that essential ML. It IS a classic how long is a piece of string and apparently LNY's part of the process to get the ball rolling only started in late November 2017!!!
An equally vital factor is who will be doing the mining and processing when all the statutory processes have been completed.
In answer to your question, those questions that you raise are, frankly, academic. Management can only tells us what they are doing and they've done that several times with those extremely broad, meaningless "official" rhetoric.
I can only think that management must SURELY want answers to your questions, AND solutions, ASAP and SURELY must be doing everything in their power to get them done. THAT'S their job and their DUTY to all of their shareholders. I just wonder if management understands that they have a publicly listed company with nearly 4,000 shareholders (not just one)!!!
Sadly, it's a trust me I'm a doctor situation for us long suffering, loyal, shareholders and we must believe that the reason why we bought and still hold an interest in this company, still applies. That is most certainly a personal decision that each of us has to make one way or the other.
Counciluam
LNY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
