That guy must be going back to the "dark ages" of the DNRM, that was infamous as being the least efficient government department in Australia. That HAS changed!!
With all the good reasons why we are pissed off, IMO, the ML is by far the least of our concerns.
This is a comparatively very simple and small "mining" operation, initially just bob cat and truck stuff, and should not take any time to be granted IF the TO's don't raise any (very unexpected) issues.
IMO, the only factor that is still uncertain for the granting of the ML is what demands the TOs are making and how LNY are dealing with them. According to Towie's recent discussion with Marshall, he seemed to think that they are within a few weeks of getting the TO deal done. My question there is how do we believe Marshall? Soon know I suppose.
The next big hurdle is who will be doing the mining and processing? How long will THAT take to resolve and commence?
As shareholders, we are really still at square one, but much poorer, all we can do is cop what LNY tells us, like it or not. Or get out.
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
