Loncor Gold Inc T.LN

Resolute Completes Sale

[Aberta1]

Resolute Completes the sale of their Bibiani Gold Mine. Recieved the first $30 million.
Begins to sure up the balance sheet.

IMO Loncor is Resolute's best Strategic Investment and aligns strongly the future development opportunities to bring value to their shareholders.At 26% onwership very difficult ro walk away on this project or let it go.

[nozzpack]

$90 million in 3 tranches of $30 million each. Where will it end up ? Adumbi ? Imbo Spin out ?

[Aberta1]

Now Barrick -AngloGold are feelig better about the DRC. Kalibi2 maybe a possibility. Sorry just eliminating and adding possible deep pocket suitors. https://www.drcminingweek.com/article/barrick-anglogold-finally-see-1bn-kibali-profits-after-drc-installs-central-bank-governor

[nozzpack]

Can't get much better than that. Everything is falling beatifically in place..

[nozzpack]

Its almost certain that a chunk of its Imbo/Nygagu assets will be spun out to a new publicly listed company which in all probablity will be Gentor which has common directors with Loncor.. I say this because of emerging knowledge that Loncor cannot explore and develop its total assets and selling Adumbi enables them to selectively spin out a substantive and advanced property which they can drill