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Lion One Metals Ltd V.LIO

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

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Bullboard Posts
Post by jvtayon Aug 23, 2012 1:11pm
253 Views
Post# 20252752

Spoke with IR...

Spoke with IR...

...and I would encourage other shareholders...as many as possible...to deluge him with requests for info.

 

Spoke with Joe Gray (?sp)....said drilling is going well--just brot in a second drill a week or two ago.  Cores in the lab awaiting assays.   Other ground work / dewatering / etc going on.

 

I gave him / the company a WHATFOR!! in terms of lack of communication, since it's been over two and a half months since we heard about this drilling campaign.  I asked and he admitted that they haven't even completed the first ten holes they planned.   I asked why not?...have there been problems?   Said not that he knew of. I stated that's awfully slow...can't get 10 holes done in 10 weeks!!  I also stated that the market is losing (many have lost) patience and are now dumping companies they're not hearing good news from and being selective in what they buy, esp. now with PM prices on the move upward. 

 

To his credit, Joe said he understood where I was coming from and will pass on my concerns and desires and plans to get a PR out within the next week or two.   We shall see.

 

Call IR...talk with Joe (604-998-1250) or with whomever you can.  We need a little shareholder pressure as this would appear to NOT be a very communicative mgmt by nature.   That doesn't necessarily mean anything in terms of capabilities or outcome, but it SURE does mean something to the market in terms of where it puts its money.

 

jt

Bullboard Posts