The correction in gold and silver balanced with how the juniors are holding up
Jordan Roy-Byrne joins me on this Friday to share his comments on the current correction in the precious metals. We consider how the “Buffet bump” for gold has impacted this correction in terms of timing and price level. Finally comments are on how the underlying stocks are preforming during this correction.
Lion One is drilling deep. Has 2 rigs going and a new third on the way. People think the best juniors have drill news every week. Not possible, even owning your own lab. Deep drilling takes time. Lion One is a ten bagger !
+10
But they seem to be privately financing existing shareholders out of existance.
There’s tens of millions of warrants recently issued….
Lion One Metals Limited (V:LIO)
Business Focus: Gold Mining
Insider Filings
Latest 10 SEDI filings for LIO within the last 6 months
View on INK Research
Amended Filing Amended FilingAs of 11:59pm ET August 21st, 2020
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Jul 23/20 Jun 3/20 Puil, Kevin Direct Ownership Options 50 – Grant of options 50,000 $1.50
Jul 23/20 Jun 3/20 Tretbar, David Direct Ownership Options 00 – Opening Balance-Initial SEDI Report 200,000
Jul 23/20 Jun 3/20 Tretbar, David Direct Ownership Common Shares 00 – Opening Balance-Initial SEDI Report
Jul 23/20 Jun 3/20 Meli, Richard Direct Ownership Options 50 – Grant of options 50,000 $1.50
Jul 23/20 Jun 3/20 Greig, Hamish Direct Ownership Options 50 – Grant of options 100,000 $1.50
Jul 23/20 Jun 3/20 Mann, Stephen Thomas Direct Ownership Options 50 – Grant of options 300,000 $1.50
Jul 23/20 Jun 3/20 Young, Tony Direct Ownership Options 50 – Grant of options 100,000 $1.50
Jul 23/20 Jun 3/20 Berukoff, Walter Harold Direct Ownership Options 50 – Grant of options 300,000 $1.50
I understand your concern. Lion One is now cashed up and when the warrants kick in it will not need financing for two years. The banking sector could implode at any time so, cashing up now is a wise move imop. Even if it hit 300 million shares there still will be a huge profit when a major buys it out. Quinton is advising so, Its not time to run.
Agreed. The capital raise is diluting existing shareholders, but it is worth the candle where the value from the deep drilling into the feeder zone and high grade source of the mineralization will be greater and the right use of funds to take things to a deposit of global importance (that is if they keep hitting and further proving out Quinton’s thesis about the size of the alkaline deposit. Many have 10-40 million ounces, so even if they just took their deposit up to 10 million ounces over time that would be a world class deposit, and thus worth raising the capital to potentially confirm that is what they just discovered on that last round of drilling. Yes, a major would be interested in that kind of deposit.
Agreed. The capital raise is diluting existing shareholders, but it is worth the candle where the value from the deep drilling into the feeder zone and high grade source of the mineralization will be greater and the right use of funds to take things to a deposit of global importance (that is if they keep hitting and further proving out Quinton’s thesis about the size of the alkaline deposit. Many have 10-40 million ounces, so even if they just took their deposit up to 10 million ounces over time that would be a world class deposit, and thus worth raising the capital to potentially confirm that is what they just discovered on that last round of drilling. Yes, a major would be interested in that kind of deposit.
Alright boys…Peter skiff squares off…on the 2020 Money Show…
A drop to 1750?
I think that would decimate jrs.
That would be a huge drop.
What’s going on with Lion One?
https://www.stockwatch.com/News/Item?bid=Z-C%3aLIO-2952346&symbol=LIO®ion=C