Nice Week and more to come, page-223

I haven't been following LNY closely as of late as I'm not currently a holder.
Have been in and out a few times waiting for that ML, and have only ever lost brokerage fees.

Is it true that Wishart has left LNY but LNY haven't announced it?
I'm shocked but not surprised regarding the poor communication.

On the fundamentals LNY does look attractive. Confirmed JORC resource in the ground, easy to get out and ready to process. That's why I have been in.

So why have I sold?
Trust.

During the time I have been in and out with LNY I have been burned with some particularly unpleasant directors. They knew what they were doing and did not give a toss about their shareholders.
I have learned from this.

LNY is attractive on fundamentals, but its easy to get tunnel vision.
LNY is not the only gold stock on the ASX. It's not the only one with a JORC resource. It's not the only stock waiting on a ML.

LNY's shareholder communication is awful. There seems to be a consensus on that.
I ask myself if I trust this company with my investment. I ask myself if the directors are earning my trust through their responsible actions.
My answer to myself is no. LNY's shareholder communication does not warrant my trust and I cannot give them responsibility over my investment.
There are other companies I trust more.
This is why I will not go back in on LNY, even though I am tempted at .3 and .2 would have me drooling.
I respect everbody's decisions here, and wish everybody the best of luck.