Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

TSX:LN - Post by User

Loncor Gold Inc

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Nov 01, 2021 10:19am

67 Views

Post# 34072606

Re Three Investor Presentations in November

So, the stated objective of the new CEO was to bring aboard new investors.

Three Investor Conferences where they wll present in November alone shows that they are serious
about moving the share price upwards.

My view is that there is a sale of Adumbi coming after the PEA and they want to get the share price upwards to levels at which the acquirer can justify the premium.

The PEA is going to show substantial NPV probbaly in the range of 10 times the current market cap.

Getting the share price up to $2 per share makes justufying a $ 6 offer more saleable to shareholders

<< Previous

Bullboard Posts

Next >>

Calibre discovers significant gold in Newfoundland