Post by
1kgcoffee on Jan 07, 2022 1:26pm
Dead Money
Lukewarm PEA
Strengthening dollar with higher interest rates.
No interested buyers. Barrick pulled out of the exploration deal signed under Randgold. Any mine built on Adumbi or nearby deposits would not produce a reasonable rate of return at current gold prices.
Poor balance sheet. Loncor does not have the money to do necessary exploration. This means further dilution of SP and YEARS before any new catalyst.
Expensive to build in DRC. Huge political risk.
Loncor will be dead money for the next few years at least.