LIO
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4.55% 2.1¢ lion energy limited

That was the Annual Financial Report & not the Annual Report...

  1. miningnut
    6,756 Posts.
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    09/09/07
    16:54
    Post #: 2791502
    That was the Annual Financial Report & not the Annual Report that'll be sent to shareholders.There'll be an operational report/plans in the Annual Report.
    The stock has cash of $8.7mil or 14c/share plus the Seram JV interest should still be worth $6mil(10c/share) plus their share of the GOM Rydgelake JV could still be worth something. Management connection with ETE might also benefit them in the future - ETE management owe them a favour for the Sth Marsh duster.
    Undervalued now & will look to be a bargain once management's plans are released.
    LIO Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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