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12/12/24

21:19

Post #: 77025573
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Originally posted by LifeBeinit: ↑

@bungy234

The company is undergoing a complete recapitalization, prompting the question of where Nick was in February of this year from a timing perspective. There is a significant difference in raising funds at 2 cents post-reconstruction compared to nine months ago. Similar to the situation with Mothae and other significant misses, it appears that my nieces could run a more profitable lemonade stand on weekends than these individuals manage a publicly listed company.In my opinion, regarding Gryor, he may have been "kept out of the loop" concerning the company's fundraising efforts, leading him to perceive LOM as a potential 2-3 cent investment while believing better value exists elsewhere. I view this as day one of a new company, and I anticipate that in 18 months, we will have a clearer understanding of its performance. I am optimistic about the potential upside; while I am confident they will identify a significant zinc resource, I am uncertain about the extent to which it will impact the overall value.The ongoing discussions about whether to participate in the 2-cent SPP ultimately hinge on whether the directors have secured an underwriter for the issue or if they plan to place any shortfall with acquaintances. Given that we have a corporate professional on board, who is likely earning upwards of $400,000, this is a pertinent question to address.As we focus on fundraising and the SPP, we should expect a company update at some point. Personally, I foresee a stronger company by 2025, but I no longer anticipate a large valuation, even with exceptional news. At best, I believe we are looking at maybe a 6-10c opportunity with another capital raise on the horizon. Wishing you a great week ahead. Best, LB

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nice to know you buying this bullsheet or attempting to selll it.

LOM Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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