BIG 0.00% $2.22 big un limited

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  1. 1,946 Posts.
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    Lion Gold shares stand at 13% above the agreement and the worth of the US$7m is now US7.9m.
    The loans plus interest exceed US$1m and RAU are likely to have ongoing costs.

    Confidence is very low indeed and market cap is AU$3.34 at 0.1c a share and this looks all the money. My sentiment is 'hold' the shares on a gamble basis [difficult to sell anyway] .
    RAU will be left short of cash and the main asset, shares in Lion Gold.

    I doubt Lion Gold can afford another failed 'due diligance' and Amayapampa is worth a great deal more than US$7m.

 
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