LIO 0.00% 2.1¢ lion energy limited

Very quiet but while Brimage is still CEO I'll continue to hold...

  1. 6,756 Posts.
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    Very quiet but while Brimage is still CEO I'll continue to hold - million dollar question is how much money do they still have in the bank($8mil?) - they don't have to supply quarterly cashflow reports so have to wait until Sept when full year accounts are released.
    It's a bit of a cashbox with Seram JV profits only paying for HO costs.
    Still could surprise with some action or corporate play.Not the worst at this level due to their asset base.Very tight register so easy for it to bounce on any news - they should clean-up the 1500 shareholders with unmarketable parcels to save costs.
 
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