This capital raising has been playing on my mind a bit.With all the short to medium news flow to come, providing its positive of course you would think the 2c range would be cleared quite convincingly therefore bringing the 1.5B 2c oppies into the money which represents a potential $30m. In turn this would also get us a lot closer to Production and therefore generating a sales revenue.
Obviously funds need to be raised but I really hope it's done on very favorable terms to existing shareholders. With already 4B shares on issue fully diluted the last thing we need is another billion odd shares to hit the register or another partner involved in the Lulo concession, there's already three.
I'm starting to feel a little bit nervous about this CR.
LOM Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Held
