Post by
nozzpack on Jan 06, 2022 2:13pm
Financing from Warrants ?
They have about 8.5 million warrants from 2021 financings at an average price of $0.85 which could add to the treasury.
Management hold some of these.
Its quite obvious that Loncor has its hands full with just drilling out Adumbi.
That would virtually preclude much development expenditures for the other advanced projects like Makapela, Imboe East etc.
This would be the case , if Loncor goes it alone for Adumbi.
So, other alternatives ...certainly unknown to me ...may be in the works