extra $3m SPP is the pressure point right now. Had this not been done, mkt might have had alittle more hope.
New Insto investors will be an interesting read, but a read at that only. Unless it’s $20m to a couple of LT guys - it’s just another placement.
Merlin into elementary phase production would have been interesting, bulk sampling perimeter Kimberlites is exciting but difficult to quantify today. Need to see the timeline first, then I’m sure the mkt will take a look.
All hope is now back on Lulo, and the Kimberlite hunt. Bulk sampling of MB46 now our only ST hope.
It would be only fitting of the LOM saga that after the Merlin aquisiton we finally deliver on a kimberlite - for the new shareholders to clean up, and the existing ones to be diluted, but still to be told that we are the lucky ones - we have Merlin.
its ok MB46 now is the time for you to shine
LB
LOM Price at posting:
5.1¢ Sentiment: None Disclosure: Held
