That initial deal with Tiger Gold may be done.However, I am sure Tiger Gold is not going away empty handed. They are a start up wanna be explorer that needs a big project exactly like the ones LCL have in Colombia. If they are half smart they will realise they better pay up and get a good long term project that. For that price I am sure a number of other Canadian companies may be willing to cut a deal. I think there will be a bidding that will settle around $15M
In regard to a major discovery in PNG, I believe that is what can actually get the market excited again.
With that cash LCL can go ahead and put a strong exploration campaign in PNG.
Landing a strong JV partner for one of the projects can also help in that area. I think there is going to take a month things to develop and we hear news.
Meanwhile, investor can buy share at 0.07c which is unbelievable but it is what it is. Which makes them vulnerable for a takeover offer. There is a lesson for junior explorers right here.
That initial deal with Tiger Gold may be done.However, I am sure...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.195M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314809 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 6860751 | 7 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| LCL (ASX) Chart |
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