Acw I'm far from an expert on LMB, bought my first shares in high 20's couple years ago and then have averaged all the way down to 15c ave I have now. Relieved to finally be back in the black at least on paper. I'm definitely a believer and no intention of selling until much higher prices which I think we will see in time.
My understanding is they will definitely need to raise cash to develop the mine to production. This may be a combination of equity and finance but I'm not sure of the mix. Clearly they will be looking for a much higher share price before they go back to the market in order for it to be less dilutionary.
I have a much smaller position in bbr but I really like the potential also.
BBR Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held