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.