RE: FinancingI only got to dream no PP for one night.
PP to close by June 12th.
Aberdeen has to be paid back in 60 days (by end of June ) , unless LGO pays $100,000.00 more.
Aberdeen at its own choice can take shares for loan value at $.65
Feasibility study is on track and due end of June.
This MGM team is well placed and capable.
Summer time is traditionally bad time for junior mining stocks.
My new dream, Stock goes up past $.65 and Aberdeen takes option ofstocks for cash and financing goes through at a buck sp giving LGO cashfor November payment of $5.m and some operating cash.
Thats 7 m shares for Aberdeen. Thats 10m shares for financing and additional 5m warrants.
Thats 22 m shares added to float.
At that total cash value would be $19.5 m less financing fees.
Why could this happen?
Working mine (cash cow) less than two years away, ( if all goes welllike equipment purchases being planned/ordered ).
Off take agreement with major player.
Financing of 75% letter of intent on completion of Feasibility end of JUNE.
THIS IS ONLY 30% RETAIL, HOW ELSE WILL 10 M SHARES AND 5 M WARRANTS BEACCUMULATED ESPECIALLY BEFORE END OF JUNE FOR LESS?
PP financing through tax write of would have no down side at $.65