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Bullboard - Stock Discussion Forum Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a... see more

TSX:LN - Post Discussion

Loncor Gold Inc > Next Steps
View:
Post by mferguson71 on Oct 21, 2021 9:06pm

Next Steps

So next steps is the last hole. Then waiting for the PEA. With infrastructure construction already underway my next question is will management take the opportunity to raise a little cash if the share price acts accordingly after the PEA. Raise cash and drill deeper targets to test down to 1400 meters and or go test other projects like Makapela. The PEA will draw alot valuation conversations as a show me paper. My guess is that there has already been offers on the property but not near what management thinks it is worth.
Comment by nozzpack on Oct 22, 2021 5:15am
They are considering two choices for the deeper gold below the pit. Continue drilling with current funds which will last another 6 months or wait until 2022 and drill a lot deeper. They are now activelly promoting the stock around the globe. The first was October 19, another Nov 2 and another one in late December. They will get those warrants into the money and as well they recignize the need to ...more  
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