Lion Gold shares stand at 13% above the agreement and the worth of the US$7m is now US7.9m.
The loans plus interest exceed US$1m and RAU are likely to have ongoing costs.
Confidence is very low indeed and market cap is AU$3.34 at 0.1c a share and this looks all the money. My sentiment is 'hold' the shares on a gamble basis [difficult to sell anyway] .
RAU will be left short of cash and the main asset, shares in Lion Gold.
I doubt Lion Gold can afford another failed 'due diligance' and Amayapampa is worth a great deal more than US$7m.
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Lion Gold shares stand at 13% above the agreement and the worth...
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