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.

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Lion One Metals Ltd > Q3 results

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Comment by Puma1backon Oct 01, 2024 8:17pm

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Post# 36249362

RE:RE:RE:Q3 results

Initial conclusion is that the news release was used more as a liquidation trade than an accumulation trade - so negative inference.

rsi dropped from about 74 to about 52 today - hard pullback.

close was almost at the low of the day

Puma1back wrote:
Hard to interpret these financials and the discussions on the mine other than it is hard to see them not returning to the trough although they state in their Notes that they are sufficiently funded for the next 12 months.

Hard to reconcile and equally hard to see if this volume pick up is a liquidation event for more than those accumulating?

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