To be honest, I came across this company simply from looking at the companies with the largest losses over the last year. It seems like a company you put $5000 into and forget about.
Does the company even own the land it has explored? Or is it simply a lease? LML is a long way away from putting shovel to the ground and getting any sort of development of these resources, so you really need to invest and forget I think.
Problem is, with the company burning through over $3 million a year.. the dilution to the shares over the next months will be massive.
LML Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
