hydrogen, the most plentiful element in the universe
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Those are amazing grade sampling numbers.
Been here almost 3 years now, never thought it would take so long.
Hanging on, but I'm getting old. Hurry!!
Welcome aboard colorisgreen2!
Great posts, I'm on the company email list so I saw the article already, yes, very promising.
Been here a couple years been buying up and down from .18 to .36.
I'm a happy long term investor, just being patient may be the key,
Hope next year is the break out.
Looks like a sweet deal for shareholders.
Private placement with a company that also wants to expand the infrastructure of Fiji.
A perfect fit, nice job Wally!!
http://www.kitco.com/pr/2692/article_08292016111300.pdf
Dear Lion One Subscriber,
The Company announces MOU for EPC Contract and Vendor Financing with Ansteel-CapitalAsia for construction of the 100% owned and fully permitted Tuvatu Gold Project in Fiji.
The scope of the EPC contract covers the design, construction, start-up testing, and commissioning of the Tuvatu gold processing plant. Ansteel will also furnish all materials, equipment, machinery, tools and consumables, provide quality control and administration, and will develop the Project Health and Safety Plan at the Project Site. In addition to the EPC Contract, Ansteel will also provide vendor financing for up to 80% of the anticipated value of the EPC Contract in the form of a Deferred Payment Amount of approximately US$39,000,000-$44,000,000. The Company will fund a minimum of US$10,000,000 or approximately 20% of the anticipated value of the EPC Contract. The Deferred Payment will be a senior secured obligation of the Company guaranteed by the Company’s assets, to be serviced through a Deferred Payment Plan with 7% annual interest payable in quarterly installments. In connection with the Down Payment, Lion Onewill issue, subject to TSX-V approval, warrants in the amount of approximately 10% of the Loan Facility at a price of $1.42 per share for a period extending to the maturity date of the earlier of the final scheduled payment under the Deferred Payment Plan or 5 years from closing. Early repayment of the Deferred Payment Amount may occur any time without charge.
Click here to view today’s complete news release on the Lion One website.
For more information on Lion One and Fiji Gold please click on the following links:
Fiji Gold | Tuvatu | News Releases | Investor Info
Today was high volume for LOMLF
We are overdue for a press release and this little spike of interest could mean news is on the way.
Spoke with PR last week about that...
Joe would neither confirm nor deny....of course.
It's been quite awhile getting this financing package together, longer than anticipated. I would think they are chomping at the bit to release some long awaited good news.
Question is will it sink the price? Buy on rumor, sell on news?
June 22nd, 2016
Research Coverage Initiated
Dear Lion One Subscriber,
Today Scarsdale Equities initiated research coverage on Lion One with a “Buy” recommendation and price target of C$1.40 per share.
Scarsdale Equities LLC is an institutional FINRA-member broker/dealer and SIPC member located in New York City, U.S.A., with offices at 10 Rockefeller Plaza in midtown Manhattan.
Please don’t hesitate to contact us for more information on this report.
Contact Us:
Joe Gray | Investor Relations | 604-973-3004
Hamish Greig | VP | 604-973-3008
Toll free in North America: 1-855-805-1250
Email: info@liononemetals.com
I remember the Goro run up.
It was a thing of beauty.
I made the mistake of selling 50k shares of lomlf a month or two ago trying to be cute and taking a small profit.
Took me 3 weeks of chasing it to get them back. Never again.
I'm not selling until we are north of $2.00 and then only a portion.
That is the one I tried to post.
Glad you found it.
According to scuttlebut, we will get some news in July.
Nice feature article on Lion One May 2016
https://web.mail.comcast.net/service/home/~/?auth=co&loc=en_US&id=720433&part=2
Raging
You are no longer alone, I'm in.
Can't find a thing wrong with this stock.
That is pretty impressive scuttlebutt!!
The gold market is currently way ahead of itself, needs to correct in a big way.
Tough call whether to take some profit here and buy back in at lower prices or just tough it out.
Risky business.
It is what Wally does best.
And this is potentially the biggest deal of his career.
I don't think there is any doubt that there is tonnes of gold in the ground at Tuvatu. Maybe even an Elephant down there.
Could he get 5 or 10 dollars a share from a major and just walk away?
Absolutely.
Latest developments at Lion One...
http://www.reuters.com/article/idUSnMKWbHx3za+1d0+MKW20151216
Nice pop today on no news.
Something is brewing.
Are they close to announcing a financing arrangement?
They need 50 million dollars or so and trying not to dilute too badly. Hope it's going well.
going, going.....
Gone!.
Monday. Right Cuda? They need to reinstate by Monday or they are gone.
Waiting for financing
Investor relations Joe Gray say's financing options being weighed by management. They are doing their best to get a package deal with the least amount of dilution possible.
Looking for about $50 million for production equipment and labor to begin drilling and mining expansion.
Announcement will be made as soon as contracts are signed.
Appears imminent, but could still be another month or two.
Due to the complete lack of interest and any news.
I am going out on a limb here and will say the company does not renew and gets delisted.
I hope I'm wrong.
What's up in 30 days Cuda?
Delisting?
Awful quiet lately.
Did they pump out all the water yet?
Would love an update. How many workers, equipment upgrades, roads, etc.
New Report out today:
http://www.kitco.com/pr/2692/article_07152015131149.pdf
New, environmentally friendly technique to mine gold:
http://csironewsblog.com/2015/06/16/eureka-a-solid-gold-solution-to-make-archimedes-proud/
This happens all the time...
Buy on rumor, sell on news.
The news is really good, the PEA does not over reach.
I'd rather a steady creep up than an avalanche up, it's more likely to stay there.
Patience is needed. At least they are on the map now.
It's now up to LionOne's Investor Relations Department to
do their job and get the word out and promote, promote, promote!!!
ctoivo,,,, that is great news.
However, letting people get in beforehand would be a severe violation.
Insider trading on exclusive news is a big no no.
We don't need any ethical lapses
IR won't confirm a question like that.
It's imminent. And that is the truth.
One day this coming week we should get something.
Very interesting article.
thanks for posting CT
The PEA is close, very close.
I did get from my conversation with IR an intuition that the PEA will not be done in time for a May release, But very early in June is a distinct possibility.
More likely to be the end of the week or maybe into June for the PEA.
Taking longer than planned.
A very efficient sluicer:
200 tons per hour!
Just spoke with PR Dept.///
The PEA is almost done, lots of back and forth on last minute details.
They are committed to getting the PEA done right. If it takes a bit longer than anticipated, so be it.
May come out by end of May, or early June. Not something you want to rush. It's a critically important document.
The good news is it's almost done.
I hope you are right too Simon.
I'm being conservative here, don't want to pump.
But this stock started out at about 1.50. Lots of investors still in the hole from 2010.
It's all about the PEA!!
I still can't understand why IHUB does not update the
latest PR's on this thread. I sure hope they post up the anticipated PEA when it comes out later this month.
Could see this stock pushing $1.00 by end of summer.
Thanks for all your input ctoivo.
Sork.
All this upward movement....
without a peep out of the company yet.
PEA report due out within 30 days or less.
PR campaign to begin in earnest after PEA release.
I can see this share price closing in on a $.80- 1.00 soon.
Always knew this day would come.
Question is how far does the first run go before the inevitable pullback.
I really like the last paragraph of the Eric Coffin piece
on Lion One Metals.
"Because of the high grades I
expect Tuvatu will have
good IRR and NPV num-
bers. There should be plen-
ty of room to move com-
pared to the current $12
million enterprise value once
traders appreciate how
quickly Tuvatu could move
to construction. Manage-
ment will soon have num-
bers to market and they
know how to promote. Lion
One should be owned before
they start".
The ticker is slow to respond here in the US.
I suppose because it is so thinly traded, there seems to be a bigger lag time to get trades done and to get a current price quote.
Looks to me like the company is not trying that hard to get new investors just yet. Maybe they will ramp up once the PR machine starts.
I'm excited.
One day this chat board will be ablaze with new investors.
Sounds like the PEA will be out next week.
ctoivo:
I am amazed that IHUB doesn't even update this site to show the latest PR's.
I have been accumulating since lat June and have felt I am posting to myself here until you came along.
Not easy to convince yourself you found something important when nobody else is here responding. Thanks for your input, it confirms what I have been researching myself. Yeah, I'm not crazy!!
This current price at .22 is stupid cheap.
I don't think so ctoivo....
But here is the first one from Mike Hoy that I posted last June.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103256627