Ann: Results of Meeting, page-38

Greeny. Believe me, I don't think too many former Renison holders are looking at this management with stars in their eyes. EVERY former Renison holder after the consolidation into Laneway is down at least 98% on their Renison holding. At least!!!
So, the way I saw it, that effectively was my Renison "punt" down the drain completely.
I,personally, stuck around because I genuinely believe in Agate Creek as being a fair punt and especially @ .003. Laneway is effectively exactly the same company as Renison was and here they are costing 2% for what I was happy to pay for my Renison shares.
Same assets, same test results, same gold in the ground and with the coal and NZ interests thrown in and same involvement by its number one shareholder and benefactor S.Bizzell who had just made a squillion from his gas interests which today are worth billions.
Sadly, his "skills" there have definitely not translated into Laneway and they have, frankly, been quite a mess, losing that coal mine with amateurish mistakes on their part and then, as if they hadn't learned from that mistake, saw $400,000 being ripped off them by a shyster. How many amateurish mistakes are a so called management team allowed to make before people start having doubts?
Their efforts with the landowners compensation settlement and now the TO agreement are bordering on farcical. No wonder they don't communicate much with their shareholders!!!!
BUT, if they get through these issues, including having EOPL ready to WORK, that 2%, to me, still looks like a fair punt and that's why I have continued to buy in, but, have now stopped until I SEE some progress..