Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Metals & Mining Gold

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.

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Lion One Metals Ltd > Slow Process

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Post by heybulldogon Nov 22, 2023 7:44pm

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Post# 35749400

Slow Process

Noticed some entities still unloading shares. LIO is still feeling the effects of the chaotic financing that was done. Things should slowly improve as milestones are achieved. My only concern is Wally. I've been in this for many years and have seen some boneheaded moves. I know how Wally thinks. When someone offers him money he has a hard time refusing.

Any more issuance of shares at this point for financing would be a red line for me and I think I would cut my holdings of LIO. For now I hold and wait.

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