Dreaming again I just woke up from a dream. It was 2019 and Lion was pouring its first gold and the share price was 12.00. There were company's jostling to buy in.
Then I woke up. Damm.
Well - what to make of Wally's now censored remarks regarding implementing a shareholders rights plan due to a threat of a hostel bid. Of course there was much more.
As I see it there are two possibilities.
One:
In some strange "Biden" moment he forgot where he was or what he was on and rambled on about some "all of a sudden" concerns he had - clearly catching QH off guard. But QH handled it like a pro easing Wally off the stage.
Two
Wally knew exactly where he was and what he was on and staged his comments because he was very worried where the share price was going. This would indicate to me he is interested in selling.
So which is it? All one can do is speculate.
I do remember how they rushed released photos of visible gold in gold core because the price was threatening a dollar - and it worked.
My gut tells me Wally is leaning towards selling out at the right price and be done.be done. The share price now makes it hard to drive a hard bargain. Isn't it strange they keep talking about a mill but it's just never announced.
My view is the share price now is rock bottom and has a very good risk reward ratio. Either Lion gets its act going and we at some point pour gold or we get bought out. Money will be made although not as much as I once thought.