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0.6¢ laneway resources ltd

There are too many ordinary shares for that to happen it would...

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tomato69

188 Posts.

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03/12/18

08:42

Post #: 36724538
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Originally posted by gassed: ↑

Towie. Must be the adrenaline flowing in anticipation. Enjoy it, keeps you alive.
Nice to read the NZ report Dugsab. Given the initial "relative simplicity" of the Agate Creek project, WHENever it gets going, and if that grade is maintained through that first 100,000 tonnes, that sizeable cash flow will certainly pay for the Jubilee drilling in NZ. Definitely not going the early crow with this mob, but, from what we SHOULD be expecting, it could be a very interesting 2019.
Dugsab, can you indicate if after the 1:300 consolidation to form Laneway and Bizzell's shares for debt (from Renison) conversion (that stuffed everyone up) that Bizzell is still down around $17 mill? He needs the SP to go over 2 cents to break even while, incidentally, most of those 4,000 shareholders who have not accumulated LNY shares since, need over 15 cents and some much more!!!
Be watching this week's trading with great interest.

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There are too many ordinary shares for that to happen
it would make for a massive market cap. That's why imo they have secured the convertible knotes against assists. There are billions on ordenery shares so a small sell or buy of 10mill is like a drop in the ocean.

LNY Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
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