RE:RE:Who's JPM looking afterPackis you are right JPM's has created a buying opportunity but long term there are dangers. What to I mean?
We know Lion will need to cash up before the end of the year. Their plan was and is to get the share price up
through pr / drilling results etc. At that point the could either do a pp or a deal with a major. Either option depends
on a higher share price. Any deal with a major would entail a premium to market price.
A pp at this price would be a disaster. A major would know that - forcing Lion to deal with them. Hence the major would get
a share of the project at a discount price.
Don't think it's possible? Think again. Anyone involved in GATA would know that Barrick admitted in court
that they colluded with government to suppress the gold price.
Again this comes back to we should have built a processing plant to provide cash flow and protection from action
like this.