Price
I have a list of 18 gold stocks I keep track of. Only one of them did worse than Lion today. Now people will say it entities playing around because of the warrants.
There might be some truth to that but I think there's more to it. Now I'm sure the price will recover - the project is just too good. But one can't ignore that it's been since early Dec that the PP was completed and shareholders have still not received information about when the new program will start , how many drills or the number of holes etc.
I know some will blame IR - I don't. It's the lack of communication with shareholders from management - or should I say one manager - Mr P.
From countless MOU's not carried through to not keeping shareholders up to date on what direction the company is taking. Are we drill baby drilling to sell the company or are we taking a longer view and building a processing company. IR won't be able to tell you because Mr P hasn't made up his mind. But we do have one drill turning that has trouble reaching depth. Tier 1 project - Tier ? management.