Sounds like they are marketing the company.
They have an announcement on drilling at Firetower, waiting assays.
They have an announcement on Darwin assays
They are trying to get the funds from Lion.
My expectations are,
get JV partner to start mining on Dargues.
Release announcements on Firetower and Darwin South
Share price is on a positive trajectory, which allows Lion to raise funds and increase there stake.
Share issue to increase funds for Dargues and Firetower, (oh yeah operational expenses)
The challenges are,
Share overhang (There are a lot of shares issued sub 2 cents)
Gold price on a slow decline.
Raising funds (at an acceptable rate)
Long term share holders that want to get out.
Not advice just my musing.
- Forums
- ASX - By Stock
- Ann: Mining NSW Conference Presentation
Sounds like they are marketing the company. They have an...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online