I'm the last person to be defending this mob at the moment, but, gee whiz Tomato69, what a stack of garbage you have just posted.
Every line is filled with absolute inaccuracies and yet you post it.
Where does anyone say that they propose to "start mining in the near future"?
Where is the amount of "debt higher than the book value of the assets"?
There are 3.5 billion shares on issue at last count.
Do any large holder plan to get out or are they waiting for the company to be a full on producer? From where do you derive that proposal? Totally hypothetical and unsubstantiated. Fear mongering!!
The current SP could very well do both of what you suggest, that's what markets do and everybody, especially LT holders in LNY know very well what the risks are, but, no one is buying or selling as most would now be waiting for that ML to be granted as there is absolutely nothing to suggest that that will not occur. More hypotheses without substance, more fear mongering!
Are the shares worth anything at all? The market thinks so and that's all that holders can work with, like with any company.
Getting the ML a "miracle"? How do you come to that conclusion? All information released officialy by the company state that negotiations to that end "are progressing".
Are you, therefore, are not only implying that people inside this company are fabricating a massive rort and also making false statements to the ASX to boot?
You are treading on very thin ice there and you would be wise to ask for that amazing post of yours to be removed for your own good. Anonymity is no safeguard!!!
LNY Price at posting:
0.4¢ Sentiment: None Disclosure: Held