I think what this highlights is that people on this forum are far too quick to panic and label management as inept. Lin did nothing wrong and were unfairly targeted by rumours.
Operating in countries like the phillipines is hard and requires good management. Lin's management have proven with HUN, SBL, LRC, and more that they are highly competent operating in difficult jurisdictions (not to mention great at creating shareholder value).
Anyone who panicked and sold out must feel like a mug right now. Granted there are still some licence issues but this is common. These guys are well aware of what needs to be done here to ensure they don't lose the asset. They have dealt extensively in Mongolia where resource nationalism is rising and they have done all the right things there. Why do you think the Philippines will be any harder for them to navigate?
Bottom line here is that they have there foot on something very exciting that has all the hallmarks of a large tonnage Cu/Au deposit. Feel free to sell to me at 5c (mc $8mil), but this will likely prove to be a very silly move. Next 12 months could be massive for Lin. Especially with the market looking better.
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9.5¢ |
Change
-0.001(1.04%) |
Mkt cap ! $110.6M |
Open | High | Low | Value | Volume |
9.6¢ | 9.6¢ | 9.3¢ | $1.71K | 18.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 296523 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.6¢ | 144899 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 296523 | 0.093 |
1 | 100000 | 0.091 |
6 | 157873 | 0.090 |
2 | 94971 | 0.087 |
2 | 486445 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 144899 | 3 |
0.097 | 50056 | 2 |
0.098 | 62379 | 1 |
0.100 | 150009 | 2 |
0.105 | 945968 | 5 |
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