They really need to start lining up some future MOUs or offtakes, something that gives certainty of a real future. The economics look good, but still 24 months off. It’s a case of patience. CR likely on horizon (imo), or they must secure a govt debt facility of sorts (which is quite possible). Management need to cut back their salaries a bit, and demonstrate some shareholder value first. AGM will be interesting .. A little frustrating - but if this goes back to 0.005- 0.004, then I’ll definitely be a buyer for the long hold.
LML Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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