RE:RE:RE:RE:RE:RE:NEWS OUT !! LiCo Energy Metals - Intersects 8.42% Co ...Of course your points are valid and you are credible. I will be brief.
1- Maybe you are right about Glencore walking away, but I have trouble wrapping my mind around why a company that owns Katanga which has a market cap over 4 billion dollars would divest itself of this property and if they are buying back in they should do so quickly as if LIC has to go to market at lower than these levels it will be a slaughter.
You would think that Glencore would send a couple of million dollars for another set of drilling.
2- I have no idea why insiders are selling but the optics look terrible. Last 6 months only selling. No buying.
I disagree that the drilling results are good for reasons previously stated. When these releases first started, the SP popped after the halt, then they stayed flat, now they are going down on what is supposedly good results and no more halts. At some point this spoonfeeding of drill results will come to an end. Then what. That is when financing will have to come in at I believe lower levels. Not much upside for me. They have already put it out there. These releases are not moving the SP.
As for lankin who just registered today along with his first post and compliments management by name no less has ZERO credibility with me.
Finally, I have to agree, I have posted too much over here. I have taken a hard look and have decided not invest at this time. I will be back sub 10 cents for another hard look. If it does not get sub 10 cents, Good Bye and Good Luck