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clock Created with Sketch. 04/03/22
11:04
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Originally posted by All4Info:
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If they stop working they wont get their licences renewed, it is still a delicate position LOM finds themselves in re Angola. I hope its a +$25m cap raise to make it worth it, Ill participate in full and am very happy to continue to dilute those don't / wont participate. Apologies if this offends long term holders but such is life - I have bee here for a while, and traded a few times. Must not fall in love with a stock, but play it for what it is. Companies are raising capital all the time in exploration, early production resources space. If you cant stomach that risk then maybe should by an ASX100 ETF or a term deposit. Those on the sell side and are "LOL" ing think they are right today, but in fact have missed a 100% trade in the meantime and this will further make their dream of getting their 50c back more unlikely. Cap raise here will allow progress on Merlin, expect big insto participation, they provided great support last raise and made some good money, they will be lining up in droves now off the back of recent news, and forthcoming kimbo sampling..
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Do you really think the Angolan government and partners will want to see their licences not renewed after being so close to success and getting cash from sales? Management should make a stand here, stop work then negotiate better terms
