RE:Tommy10. I Have Been Buying Heavy.Wise move TonyDJ. Lion One checks off all the boxes on my criteria for a good mining prospect to invest in.
1) Quality Management and team that has been successful in the past.
2) Management and Inst. investment is good. They are all in.
3) Cash. Do they have some and have access to more. Good
4) Infrastructure. Is it close to airports, ports, rail, etc. Can you get to it to get the product out.
5) Project itself and the story, reserves, potential expansion, land position, mining jurisdiction, moving forward with building the mine, etc.
6) Support from locals and governments (i.e.permits).
7) Promotion. What are the analysts and news letter writter (the guys who get paid to comment) saying or just as importantly not saying. As I've always said, I haven't heard any of the "Privileged Paid" group bad mouth this project. A few have said its taking long and Wally needs to stop treating it like a private company but none have come out and called out the project as no good. Most don't cover it, I think, because Lion One doesn't want to pay for their services (cash, stocks, warrants, etc) and believes the asset will speak for itself.
There are many other things I look at on a more macro level as well, like commodity price and trend, however in my opinion 6 out of 7 is very good (and you can argue as to whether 7 is checked off). I would love to see more promotion like everyone else but if you look closely enough at their site and do some digging you can find plenty of information that confirms they are advancng nicely and moving the mine to production.
A wise man told me many years ago, "You can only spend money once". I've heard Wally has said many times something along the lines of You can Only Sell your Gold Once... which at the development level, I believe, means make sure the deal you sign is the absolute best because you will not get another chance to do that deal....
None of us here on this board invest in Juniors because we're looking for a small return or a double. We're looking for 5, 10, 20, 50 or 100 baggers. This project is shaping up nicely and as soon as a few big banks wake up, invest, and put analysts on this project we will all be handsomely rewarded. I, like you, continue to buy and will continue to buy at these prices. If people want to continue giving away their shares at the sub .50 cent level (they have to be losing at this price unless they are buying at .47 and selling at .50 and I must say there are much better plays trading much higher volume than this one to do that) I'll continue to buy.
Keep the faith TonyDJ and enjoy the ride. You will be a happy (and wealthier) man in the not to distant future.