I’m probably not as excited as some seem to be regarding Lion. From just a quick read, they buy stakes in mining companies when they are low and then sell when they are high, that seems to be their strategy (I’m not knocking their strategy, it’s a good one) They have only put in $2m when they have cash on hand of around $60m. Not sure if that’s all they chose to invest or that’s all they were allocated?
Anyway the CR is done now, let’s get on with it.
Watch our share price come under some serious heat in two years time when these 2c oppoes come into play. What a joke they are! 2c Seriously!
Ann: $6.75M Funding Secured to Advance the Minyari Dome Project, page-14
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