Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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.

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Lion One Metals Ltd > I Was Just Having A Nap

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Post by heybulldogon Oct 18, 2020 1:24pm

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Post# 31736170

I Was Just Having A Nap

Lot's of talk regarding a processing mill. I just don't understand all the worry. We have a financing and construction MOU in place.

See news release:

"Vancouver, B.C., August 24, 2016. Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the “Company”) is pleased to announce the signing of a non-binding Memorandum of Understanding (MOU) for an EPC Contract and Vendor Financing Agreement with Ansteel-CapitalAsia Global Engineering Inc."

Yes - yes - there looks like there have been some minor delays , but the company has never come out and said they are not moving ahead with this deal so I assume it is still in place. A reputable company wouldn't announce a deal like this and never inform shareholders that they were not moving forward with it would they?

Also I don't want to hear about how we have basically had no increase in share price for the year during a gold boom. I come on bull boards to have my investment decisions confirmed - not challenged.

I know some may not like my views - just call me the headless donkey.

Okay maybe I'll concede that there is a problem when an insider holds too many shares and feels unaccountable to shareholders. A minor issue in my view. Isn't it really safe to just keep the gold in the ground? I remember someone saying that.

Now go back to that news release. The figures are outstanding. Producing 352,931 oz per year results in 112 million US$ net cash flow per year at 1200 gold!! Do the math at 1800 gold. If it wasn't for those minor delays we would have money coming out of our ying yang with no need for those pesty PP's increasing the share count. But that's all right - I expect an announcement any day now the MOU is moving forward.

:)

********

Still fully invested. With 4 drills turning the news flow should pick up and the share price should respond in a positive manner. Long term we shall be rewarded - but yes sometimes it's hard not to think of where we could have been - well north of where we are now. The project is just too good to be held down.

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