LNY (ASX) News: LNY Laneway Resources Says Co To Undertake Capital Raising Of Up To $3 Million

Originally posted by gassed ↑

Good on you Towie for not just sitting back waiting for LNY to move. CVN is a great outcome and look like getting better, although they already have a $400 million market cap!!
Just shows the difference between managements. I've pulled out some of my "top ups" in LNY some time ago and thoroughly enjoying a couple of new ones. What a difference they make to life.
I'm just waiting for the LNY QR and might say goodbye to them altogether and miss the obvious spike when they eventually get that ML, but, frankly, I think that will be a once off and will be a very long time before the next one, especially with 4 Billion shares on issue. I can see them wallowing around part of that spike number for ages..
I don't know how authentic all of those buy orders are, IF they were so confident to plough up to 6 grand into LNY why not just grab those .004s and be done with it? Makes little sense that the only thing that they have going for them is that spike and sitting on .003 will probably miss it!!
Surely they aren't waiting for sales of over 7 million to get their bids? Those potential sellers are also waiting for that spike. No,I reckon that they are dummy bids to suck people in.WE must surely be on the cusp of getting that TO agreement and the ML, the only thing going for LNY, so who'd be selling, except, maybe, those who are simply sick of waiting and not too sure they will ever see any return on their investments, especially those 4,000+ pre-consolidation holders?

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Hi Gassed Interesting seeing the shares for sale at '004 this has been diluted from 14 million for sale to 9 million for sale. Is this a sign that Someone Knows something . I do not remember that amount of turnover yesterday. Cheers Towie

News: LNY Laneway Resources Says Co To Undertake Capital Raising Of Up To $3 Million, page-85