you're missing the key element - the LCY Board
This mob is run by the bureaucrat NMDC - take note the chairman and two other directors that represent NMDC are not paid by LCY
NMDC owns 75% of LCY which means the ultimate decisions lie with chairman NK Nanda
As proven in the past 4 years, nothing has been done. And it seems to me nothing will be done in the near future.
The Chairman's focus is Iron Ore. Everything else as part of their assets were already there prior to NMDC acquiring LCY.
From what I see, this gold exploration is happening simply because the CEO needs to fulfil the requirements of actually doing something to justify the $250,000 he's getting per year - lets not mention the free company car.
A pump and dump has been tried before. Clearly, nothing worked.
I foresee this company delisting after all the money gets burnt out.
you're missing the key element - the LCY Board This mob is run...
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