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Bullboard - Stock Discussion Forum Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the... see more

TSXV:LIO - Post Discussion

Lion One Metals Ltd > Stock sales
View:
Post by Puma1back on Jul 12, 2024 10:35am

Stock sales

I suspected the heavy selling the last month plus was possibly related to a high level departure, but nothing was noted in the releases until now. 


last 5 days of June saw net sales via anonymous at 500k and the 5th - 11th of july about 1.2 million- as a director he would also still have options so blow out the stock and raise capital .

hopefully there is no other "meaning" behind those sales which seem to have subsided.
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Mr. David Tretbar has resigned from the company's Board of Directors. Mr Tretbar has resigned due to his increased management responsibilities at San Cristobal Mining, for which he is the founder, Senior Vice President of Exploration, and Director. Mr Tretbar was appointed to the Board of Directors in June 2020 and helped guide Lion One Metals through a period of tremendous growth, including the discovery of the Zone 500 feeder zone, the construction and commissioning of the Tuvatu underground gold mine and processing plant, the first gold pour at Tuvatu, and the ramp-up of gold production during the 300 TPD pilot plant phase. 

Lion One CEO Walter Berukoff commented, "We're grateful for all the contributions David has made to the success of Lion One over the past four years. The Tuvatu gold project has benefitted greatly from David's technical knowledge and experience, and we wish him all the best in his work with San Cristobal Mining."

Comment by Aton on Jul 12, 2024 1:40pm
But no notice of insider selling so far what I can see. Well I hope you are right on that but I suspect some kind of short seller speculation, they added 681.000 shorts to 1.2 million last week. All of that will be bought back soon at a terrible loss. 
Comment by Puma1back on Jul 12, 2024 2:30pm
They did have about 15% institutional at end of 2023 but by May 2024 only Franklin & their 5.9% were still disclosed.  So the net selling that was triggered by the February financing and has not let up has included the exit of a half dozen other funds.  as well, we won't see the Q4 numbers until September as it is the year end and will wait for Audit. So with no numbers in ...more