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4.76% 2.2¢ lion energy limited

re: lion after entek OMR,Good point, but I think the Lion shares...

  1. ian_whitchurch
    2,834 Posts.
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    09/07/04
    01:25
    Post #: 510267
    re: lion after entek OMR,

    Good point, but I think the Lion shares in Entek are escrowed ... checking the prospectus. Yep, they're escrowed.

    The funds are likely to be needed for Oseil capex before they're out of escrow, but it is a significant corporate asset, especially if the Cooper dirt is as prospective as I think it is.

    At a 20c price, it adds maybe 0.005 cps to the valuation of Lion ...

    Ian Whitchurch
    LIO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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