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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 Jan 09, 2024 5:16pm
316 Views
Post# 35818287

Hang In There

Hang In There
Seems to be a lot of infighting over at the CEO forum. I guess that's what happens when the share price is not doing well and management keeps shareholders in the dark about the use of funds. It's human nature that if one is invested in something one does not welcome criticism .  In the latest raising of funds you would think Lion could have given a little more detail regarding its use. Nope....not Lion. Now I hope you know who I mean by "Lion".
I happen to think Lion has made some pretty good decisions lately but there has always been a lack of information for shareholders. I'll give the new shareholders a what if:
What if Lion tomorrow signed a term sheet/financing to expand the mill to - let's throw a number out there -  1000tpd. But then the weeks / months / years  go by and not another word about it was ever mentioned again. Impossible you say. No management that cares about its shareholders would sign an agreement ofr the financing of a mill and then not go through with it and never mention it again. Never.
Well Lion did that. I've been in this since 2015 and I've learned a lot. One of them is don't expect "Lion" to keep you informed. The investor relations people are only told so much too. I don't know how many times I phoned in because something came out of the blue to be informed they had no idea either.
Lion will be rerated when they prove up production along with exploration results. There's certainly lots of blue sky out there. The rerating is probably going to take longer than I thought. There is money to be made but the bigger return was lost years ago. Imagine if we had started producing back in 2020.  Don't get me started.
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