Lion One Metals Ltd V.LIO

Welcome to "W" World

[heybulldog]

" why would LIO issue more shares for funding when they are now producing gold and making money.."

 

Well I agree with you!!!!  But welcome to "Wally World" where one has to adjust one's logic. When a source I trust say's the issue is being discussed I believe them. I only put this out there because I know people at Lion read this board. I say to them know that any share issuance will have a disastrous effect on the share price. I will follow this up with a call to the company.

[Puma1back]

Go look at the working capital comments in the mda - categorically states they will need to raise funds to meet exploration and plant development objectives- don't say when but confirm they have liquidity to carry out 12 months.  

[Specific]

why would they need to raise funds when they still have $12 million remaining on the loan facility with nebari from jan. nr Loan Facility: The total amount of the Loan Facility will be funded in up to three tranches, with US$23M to be funded at Closing (Tranche 1), and an additional US$12M available at Lion One's option in up to two further tranches (Tranches 2 and 3) within 18 months

[goldstd69]

I am awaiting some exploration news at LIO...they have so many enticing targets.