Thanks Nose! I think it is important to listen and consider both sides of arguments regardless if you're holder or not.
As I said, if today holders have listen to you NOSE they would have saved massive losses. But people only want hear what they want to hear.... emperor without clothe.
$600K in the bank, very little chance of another spp. They raised $200K+ at 2.2c and that will ONLY pay for director fees for 1 quarter (read quarterly report, $200K+ management fee).
Without good drill results from new project, I don't see it get anywhere. But cost money to drill. I think they might need to talk to TFA to takeover entire company (they already own 19%) and put in maintainence till pig iron is proven profitable over in USA (maybe another 2 yrs).
Alternatively, they have to speak to Kobe Steel about JV partner. Some hope!
$600K+ cash will only last 2 quarters without any drilling.
LCG Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
