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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

Comment by BearKilleron Dec 24, 2020 2:15pm
275 Views
Post# 32181281

RE:RE:RE:I think Lion One Metals is a steal

RE:RE:RE:I think Lion One Metals is a steal

Before covid hit they had seemed to turn their messaging around. They backslid but seemed to be reengaging leading up to the pp. but ever since then it's been frustratingly quiet with the exception of QH's presentations. It's a real shame because investors don't mind hearing negative news sometimes (like having to move to underground drilling due to complications with terrain) but it's the lack of communication that leads one to believe that management is hiding something. I also think they need to let the market know what they're plan actually is moving forward. IMO, the best thing they could do is prove up the resource and then sell it. Making the change from an explorer to a miner is messy and fraught with risk, unforeseen expenses, and shareholder dilution. 

They really should do everything in their power to keep share prices up and on a roll though, because it makes it easier to keep momentum. Then, if the need need arises for another round of financing, the terms are much better. I do give Wally credit for keeping the outlays of funds and expenses to a minimum. It doesn't appear that he's in this to pay himself with investors money.
I'm in this for the long run but this recent sell off is psychologically painful. 

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