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.