Loncor Gold Inc T.LN

Who will Buy Resolute’s 26% share

[nozzpack]

Everything points towards Adumbi being developed by Loncor whose costs will be carried by a new Corner post investor .

Kondradt and Resolute own about 51% so a single buyer would control the company.

Clearly, Resolute wants to monetize its investment in Adumbi,and Kondradt , who is dressing up Gentor for its new debut, also wants cash to fund ...in my opinion..the development of Loncor's non Adumbi assets which will be spun out to Loncor's shareholders, as a new public listing.

Loncor insiders,  Kondradt and Resolute hold the future of Adumbi in their hands.

Once the PEA is announced ...within weeks maybe..we shall see a run up in the share price , as the two major shareholders seek a price that is commensurate with a significant portion of  the NPV8.

I can't see that NPV being any less than $650  million US and could be higher than $900 million US.

$3 per share will cost the purchaser less than $165 million US....much much lower than even the scantiest PEA...for 51% control.

If I were a betting man, I would place Barrick at the top of that list ...

[GoldenEra]

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[nozzpack]

Current share price is meaning less. Once the PEA is announced....management have already told us cash costs will be the same as Kimbali.......and we know 85 % of the tonnage and grades, excepting only that below the pit... the calculation of PEA follows elementary . I have done so in one or more of my posts here. Not many deposits with substantial satellite deposits at similar grades are left