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0.6¢ laneway resources ltd

July 2018 "I'm disheartened", page-63

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towie

30,381 Posts.

122

08/10/18

20:22

Post #: 36041709
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Originally posted by gassed ↑

Originally posted by johntie
what is the benefit to a shareholder? do we get a portion of the gold bars?
Johntie. THAT is the multi million dollar question, how much of that gold bar does LNY get and when?? It's all hypothetical.

And who the heck are Maroon Gold and it's operators? A private company in W.A.!!!???

Remember how we "got", subsequently stolen, just $400,000 from 1,725 ounces in that sample in 2015!!! 1,725 ounces would have grossed over $2.5 million, so LNY's share was just 15%. So much for those 60%,/40% "numbers".

And what securities will be in place when we see that compared to the EOPL agreement where there was a Project Operating Committee having equal number of LNY and EOPL representatives??
This is another "trust me" decision that is totally opaque to shareholders and totally lacking in substance and transparency.
If management and Maroon Gold can be trusted, yes, it's one more step in the right direction, but, still with absolutely no idea about detail and ANY timelines.

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Hi Gassed and IF I remember correctly LNY had to pay the Gold Tax as it was recognised that THEY had Earned It Cheers Towie

LNY Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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