LML 0.00% 0.7¢ lincoln minerals limited

Ann: Chinese Huaxi Group invests in Lincoln , page-12

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  1. 224 Posts.
    The money (the $7m) should be in LML's coffers mid-week. Of course $5m or so has to go out to pay MEA, but regardless, it makes the company look a lot more solid financially. Add to this the future prospects (also solid) and things look great I think.

    Sadly 55c has not, and will not set the benchmark price (due to dilution) and those that thought it would, may sell out in the short term. I certainly won't.

    Regardless, the announcement was unequivocably good news, and assuming the IO price stays up, we're sweet.

    So, we have more coin and better prospects.

    I suspect we will not see the dramatic SP price spikes of last year, but a steady climb upwards to the 40s this year. Re-rating wouldn't hurt and won't be unexpected. I'm happy enough.

    Cheers all.
 
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