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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

Post by heybulldogon Sep 23, 2022 8:19pm
279 Views
Post# 34983500

reflections

reflections
First off let me say unless there's some total market collapse the price we find ourselves at now will look mighty good long term.
That's not to say I am happy with the turn events." Mishandled" is a word that comes to mind. As with any "accidents" there are a series of events that result in going off the road. Lion - (and you know who I mean by Lion ) has always over promised and overplayed his hand. The biggest mistake Lion made was not completing this deal back in 2018:

****June 4, 2018. Lion One Metals Limited - Lion One Announces US$40 Million Debt Financing for Construction of the Tuvatu Gold Project in Fiji  / entered into an indicative term sheet with Sinosteel Equipment & Engineering Co., Ltd******
 
Imagine if Lion had gone through with that deal. We would have been producing gold for 2+ years now. Lion would be in the drivers seat with less shares outstanding to boot. But "Lion" played cute. That's all I can safely say about that event.
Add to the fact Lion at that point didn't really want to get the gold out of the ground.  Nice and safe down there.....lol.
To add injury Lion never explained to shareholders why they didn't go through with that deal along with another MOU. No it was just never mentioned again.
Of course the fanboys at the time brushed it off saying "Lion" was playing 3d chess. Yeah right.
If this wasn't such a good project I would have been long gone but here I am.
So when I hear boasting about companies circling to take us over I take it with a grain of salt."
So what's the bottom line? Well I'm sticking around because of the project.
But I am keeping in mind if you have a winning lottery ticket you want it when you're 25 years old - not 90.
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