Major Shareholders may have been misguided on Tiger's financial...

Major Shareholders may have been misguided on Tiger's financial capability and track record. They have no money. I also think Shareholders are underestimating the challenging fundraising environment we are in (with no end in site) to raise capital, especially for junior mining. It's the paradox we're in - gold prices at an all time high - yet all juniors are cash strapped unless in or near production.

If Tiger succeeds in the vote, LCL will only receive AUD$1m and it's just an option. So, Tiger can walk at anytime if they can't raise it. Where does that leave LCL? After the vote, if they win, they get the AUD$1m which will support about 3-4 months of cash burn directly into Management's pockets... then still they're biting their teeth hoping Tiger continues with their option and can raise it.... To also note, Tiger has had this deal for 9 months, yet still only have AUD$1m to offer or try to compete with Visby. Do you really think they can raise an additional AUD$6.5m for Colombia in the next few months???!!! I do not. Their website shows that desperation by publicly showing their deal, begging for money.

I'd take well funded Visby's cash upfront for AUD$7.5m any day in this environment.