Australian (ASX) Stock Market Forum

LNR - Lanthanein Resources

LNR has been on my mind lately.
One for the festering thread I feel in my bones.

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I had high hopes.
They are supposed to start drilling this month or early April at Lady Grey.
I think they needed heritage clearances there hasn’t been any news yet.
 
LNR name their new prospect Godzilla.
There may be good chance it is a Godzilla find , the soil anomaly has a strike of around four kilometres.
Initial results are supposedly very good in over 500 samples from almost 1900 samples.
Soil sampling now completed with drilling to commence estimated mid year.
Quarterly due by next week wonder how much cash they have left, I have been sucked in by this mob before but now they have some new boys on board.
Will it be different this time?
 
Anything the McNeil's have had a hand in ... 🏃‍♂️🕳️

Previous Directors​

NAMEPOSITION NAMEYEARSDATE RESIGN
Mr Ces Edward IewagoNon-Executive Director--29/10/2008
Mr Denis Michael O'NeillNon-Executive Director--06/03/2004
Mr Robert Donald McNeilNon-Executive Chairman--20/01/2010
Mr Graham John FishNon-Executive Director1113/11/2014
Mr Warren John StaudeNon-Executive Director1129/11/2014
Mr Hugh David SwainNon-Executive Director629/11/2014
Mr Peter Andrew McNeilNon-Executive Chairman,Executive Chairman,Managing Director808/03/2018
Mr Martin OtwayNon-Executive Director215/01/2014
Ms Paige McNeilManaging Director,Non-Executive Director,Non-Executive Chairman331/08/2018
 
LNR in a trading halt.
A positive announcement on Monday on Gold, Copper and Nickel soil anomalies immediately followed by a trading halt today seems to indicate a CR.
A major drilling program looks on the cards at Lady Grey.
They still have a couple of million dollars to come from the sale of their PNG assets which will enable them to drill out Lady Grey which also includes a large lithium anomaly.
Hopefully for holders the CR is not heavily discounted it last traded at .006 up 100% from two weeks ago following two positive announcements.
 
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