LNY 12.5% 0.9¢ laneway resources ltd

Ann: Update on Gold Production from Agate Creek Gold Project, page-90

  1. 607 Posts.
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    Last year I got interested in OGX. 95% of the posters were very positive. The company kept a steady supply of news of how good the resource was and how much gold had been tested in the tailings and premium veins. I bought the story and kept averaging down as the price dropped. I wish in hindsight I had listened to the 5% of rational naysayers. $135k invested and it turns out management were lying to the market. OGX is now in voluntary administration.
    There is absolutely no rational for LNY to not have supplied news of the recent gold pour other than it is bad news. Unless there is shortly positive news releases then this will be heading south. Fortunately I only have a small holding in LNY.

    As to those whom think that a gold oportunity exists in NZ, you are dreaming, a new mine around Waihi is very highly unlikely.

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