Seems that way GD I understand and agree with some of your points. However the Chairman is willing to put his money where his mouth is. Willing to put in $250k of his own money in the raise.
I can confirm the company is looking for a project with existing mineralisation drill hits with potential to expand the resource into a viable mining operation.
Possibilities being copper/gold.
They are moving away from potential nearology which is a good thing after the last 2 disasters.
Also looking abroad to other countries.
The annoying part is the Chairman will most likely make money and us existing holders will be waiting an eternity to make our money back or part of.
They possibly need more money for a decent acquisition compared to a standard one.
LNR Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
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