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4.76% 2.2¢ lion energy limited

the nighmare is over, page-7

  1. ian_whitchurch
    2,834 Posts.
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    18/08/04
    11:00
    Post #: 550344
    re: the nighmare is over - to ian Dunno.

    Really - I dont know.

    I wouldnt do it, and I think the company has enough cash it doesnt have to.

    They may be aiming either for a margin of safety, or to repay Mercorella for the loan he advanced last year.

    Although I have to wait patiently because I dont have cash until Merlin floats, I'm also personally inclined to buy at 0.4 rather than 0.5

    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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