lion selection cashed up

Looks like the buyers are starting to disclose to show their hands today.

I note that Lion Selection is going to be cashed up to the hilt after announcing sales of their major holdings in Indophil and Cracow ($65m cash just for the later).

I believe they will be substantially increasing their holding in TTR - they have indicated they WILL support TTRs Phillips River project. Some on market accumulation and in the future support of a major placement to help fund mining development and plant construction.

This post adds some clarification to my more cryptic post yesterday. Lions announcements today regarding the Indophil and Cracow sales just galvanized it. Lion is extremely well poised with its cash position to take some major positions in a number of promising junior miners at a time when share prices are at bargain basement levels. Good luck to them. Lion Selection Shares will be a good buy for someone who wants a less risky exposure to the junior miners - they know the scene pretty well and obviously get some privileges.