I hear what you say but a little further on at the bottom they make a declaration that the 3 million required is expected to be generated from earnings from the tailings (once they can start) and a loan facility from Lion.
Also their exploration results were NOT BAD AT ALL.
Better than what the other crowd were coming up with. At a market cap of 2,7 Million one would think this is way undervalued and if I were Liongold I would make an offer just to NOT have to put up with reporting to the ASX. Just my opinion only.
I guess time will tell but someone with a fairly large holding (above average at about 0,5 %) just got impatient.
Call me Crazy but I think this is good value ??? Just I would not like to accept Liongold shares this time !!!
SBL Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
