RE: India- Finland update13 Aug 2018 16:42
applegarth !
Trust all is well - youre not being critical at all.
1. Goldmines Update:
Let's say an update comes out and lets say the assay is brilliant and quantity survey is very positive. Playing the most ideal scenario. Even if this was the case, Lionsgold would need loads of money to dig all out, process, refine, blah blah blah. Its very costly affair plus wont be profitable for another 12 months or so. The need for update itself wont change much even with aforementioned ideal scenarios.
But could make it easier to sell the mines and move on to core business.
2. Cash Raise.
That can go on, regardless of SP or suspension. If an investor comes in - there's always and always negotiation.
The money raised will eventually dilute SP (at least in short term) as new shares will be allocated against the investment (cash).
Please note that current Lionsgold SP is without any product, without any revenue and definitely without any profit.
Futuristic Valuation is a very tricky matter and there are few ways to calculate.
Everyone wants to make profit.
Investor will not accept current SP at all for a company without any history of revenue generation. That's normal.
Nothing there to stop raising cash at all. Although whoever needs money has to take a step back.
I dont think we need to worry about SP at all.
We just need to move on with the launch.
SP will rise once we start selling our product.
Stay in long haul.
But dont accept crap from BoD