Loncor Gold Inc T.LN

Trigger Points for a BuyOut

[nozzpack]

Management own 26 %.
Resolute Mining owns 26 %
Newmont owns 6%
Barriack owns 65 % of JV on LN tenements outside Adumbi 

No one waits for full development to offer a buyout.

I see 3 major Trigger points this year.

1........LN reaches 5 million ounces ( Barrick Requirement )

2........Barricks announces very positive results from JV with LN

3......  London Releases its PEA

Management and Resolute hold 52 %.

They will make or break any offer.

But, any offer will probably see competive bids.

I dont see any offer below $500 m cad getting accepted.

MY Preferred Outcome

Resolute acquires us for cash and shares and spins out the Barraick JV to shareholders as a new public listing.

Remember, any discoveries by Barrick on LN JV lands that fall below their acceptance criteria becomes 100 %  LN assets.

As I said previously LN and MMY are the two most undervalued gold stocks that I have ever encountered

[1kgcoffee]

I like your numbers Nozz but it's a big if. If gold prices don't collapse, if 52% ownership or Barrick doesn't find a way to squeeze out the common shareholder. If there isn't a civil war. I've been burned in the past, that's the game when playing small cap miners. That which is unlikely to happen very often does and leaves the common shareholder holding the bag. There is