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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.WT | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Bullboard Posts
Comment by WinstonSmithon Aug 29, 2019 3:28pm
80 Views
Post# 30080469

RE:Price

RE:Price No offense but you need to stop focusing on the  daily fluctutations in SP. At the volumes that this thing trades, price moves are almost meaningless. Recently Lion has engaged a market making service to ensure liquidity... you may have noticed that the bid volume and the ask volume have increased since that engagement....the idea is to ensure that any bid (buy or sell) has a lot of size to match.
Lions focus has shifted since QH identified a larger alkaline system at depth and consequently we are now focusing on a "barbell"  approach to development....proceeding with Tuvatu expansion and at the same time surveying the new areas with an eye to identifying drill targets.  It will take a news release identifying some positive survey/drill results to move this.

As far as a private placement or partner goes...Wally will not make a deal as long as the POG soars... time is on our side...or as Wally says "you can only sell the gold once". Personally I'm tapped out what with my other PM stocks soaring.... but now might be a good time to back up the truck.
Bullboard Posts