Lion One Metals Ltd V.LIO

Back at 0,50 ,

[steve55]

what happened?

[reddog11]

Hard to understand normally. Its the PP. At some point IF gold production ends up actually happening then the share price will have to rise even with all the overhanging PP shares. Hopefully back to where we were BEFORE the PP at least. The markt cap is far below the investment in mine construction and drilling so there is an obvious value. Frustrting, yes. jmo RD

[Puma1back]

Yeah, book value is more like 75 cents a share and some 90% of the assets are tangible property or cash and near cash.  we are producing gold, and if it is just a breakeven on cash basis i would expect to see 80 cents pretty fast  

[Puma1back]

Production of gold at a positive ebitda is the key to Lio right now - plain & simple. Given the resistance as it got closer to the warrant price it is now easy to see that a lot of the traders don't see them making it to any significant level of cash generation with this last financing and even the availability of Tranche three's $4 million. This is why every one of these

[Puma1back]

50 dma is coincidentally 50 cents so it willbe interesting to see if traders can push it under the dma or buyers are convinced enough with this release to accumulate 

[Puma1back]

they kept it below 60 cents on the last short run- we broke 60 cents already but the sell side is opening up and getting a bit of a wall at 60 cents.   

[Puma1back]

Bmo has been a continuous net sellor almost all month including a day where they blew out just under 600k shares and then the next day another 150k shares.