Catsnacks,
Not sure what Lion Gold are up to but if they are selling more you will see applicable change in significant holder notices.
At current price levels it may be worth a "punt" given they have stated funding is expected back on track in this quarter, but we have heard this all before, past performance of the company has proven to me to be a very good indicator of future performance to date. I have no intention of buying to add to my current holding.
The drill results at first glance do look ok however it seems the gold containing veins seem very narrow to me, 200 to 300mm so I still question the real cost to retrieve the gold producing ore given the amount of rock required to be removed to reach these veins. One question I have always had is if all this gold is there and is as cheap as is being stated to remove why haven't any of the majors made a takeover bid ?
Caveat Emptor
DYOR My thoughts, views and ramblings only. This is not investment advice.
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