Yes Hangseng, my biggest concern was the market cap of Lion Gold for what it had achieved to date and whether it was a bubble that could burst once we received our shares?
Having such a large market cap also meant they could offer less shares than if it was say at a more reasonable level or in line with where they are at.
They have a novel approach and who knows, if they set up enough of these modules then it could work. Konongo won't hurt their cause either. Without Konongo though a $600m market cap is almost laughable... and it got there without the news of acquiring SBL.
PRESS RELEASE:
THINK ENVIRONMENTAL READIES FOR FIRST GOLD PRODUCTION IN AFRICA
All the best Hangseng, I've been very quiet on the PEN thread but still holding and looking forward to some good news soon.
cheers
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