And I'm sure that very many people would be thinking the same thing. But, it's far TOO obvious and they're smarter than that.
All of us who have followed LNY KNOW that they have both the TO agreement and MLA progressing and with no impediments, after 8 months, there should be some developments approaching.
No one can anticipate what the TOs will do and when,but, if an announcement was made before the QR on 1 August, none of us would be surprised in the least.
That CR was inevitable and you could say that they should have done it earlier to remove that "suspicion", but, why pay 15% on $2 million for any longer than you have to and why put another
333 million shares into the market with nothing happening??
I conceded that they have probably got a sniff and have jumped in to not waste any unnecessary time.
But, until they actually deliver and start producing gold, cynicism will dominate most people's thinking about this management. But, I don't think that it is bothering them one bit, just hurting us shareholders.
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
