Thanks dougtags, Awesome effort! As Chris says - keep smiling!...

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dugsab

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30/11/17

23:53

Post #: 29273570
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Originally posted by dougtags ↑

I'll just tick a few things off
18 people (from memory) present in the room
LNY-SB, PM, SH, MB & PW
Auditor rep x 1
So my maths says 10 shareholders present

Voting was pre done through proxies so all a formality

Presentation was displayed and little to no discussion going into any greater detail at the time.

Question time
1st question Was asked about native title processes and whether one process was being run or multiple with a fall back plan and when do they see it might be concluded.
Answer: there's 2 agreements being entered into by the traditional owners
1-ancillary agreement which covers off the commercial terms of the arrangement still being discussed but very close to reaching agreement. SB words were to the tune of the gap is not too far to bridge now. Seems they are working amicably and they don't want a repeat of the leaseholder agreement from earlier on that dragged out and got the land court involved or nearly involved. SB says he is hopeful this will be finalised before Xmas.
2nd agreement is the cultural heritage management plan, in short how they ensure the protection of their heritage
2 has settled without issue as not too dissimilar to the exploration agreement they already had in place.

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Thanks dougtags,

Awesome effort!

As Chris says - keep smiling!

Let lucky number 5 ride

LNY Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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Thanks dougtags, Awesome effort! As Chris says - keep smiling!...

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