Pie in the sky valuations when security of tenure over the applicable asset and ownership structures fitting the want of a dictatorial government regime are in play is the red flag.
No visibility over the operating costs of the alluvial operations - silence over the K licence application.
Recovery rates and sale prices are virtually redundant without a return, where's the income?
I'm comfortable not holding until the price is right, for me, it ain't right.
GLTAH
LOM Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
