RE:RE:Solutions
The $400,000 is speculation but so is $2,000,000 cash in hand that others have speculated on.
I do not know if they lied to shareholders, but there is no public record that I know of. The last financial statement was November 2017.
You only accept speculation that you agree with and not look at differing opinions. This intolerance is exactly why the Lico Yahoo forum is such a mess. Please do not bring that here.
It seems rationale that Lico is in turmoil right now.
People have a right to speculate on what is going on with the price drifting lower and no clarification from Lico.
Melrose selling 500k is not speculation it is fact, I did however speculate on this correctly months ago if you recall and we need to know if he is still there or not as this has implications. If he is out the door then that is a reason for selling. A simple release that he is puruing other oppurtunities will clear that up. If he is still actively involved, why did he, as a director sell this many shares at market.
They need to clarify things, if they have cash in hand, announce commencement of phase 2 drilling.
The solution seems simple, Glencore has a 55 billion market cap. If they are interested, they should finance phase 2 drilling for a couple of million, then all of this perplexing insider selling does not matter, and dilution at these prices need not happen.