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Sean K

el oro es bueno
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Proposed Scheme of Arrangement. Restructure of capital perhaps? 1.3b shares on issue. Dunno...

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Sean K

el oro es bueno
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LOT up 11% on this. I'm not sure if the market knows how poor the ACB resource is. Or, maybe I just don't get it.


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Looks like the ACB shareholders are the major beneficiaries from this deal. ACB was probably never going to get to production. While LOT's resource may have been considered not quite big enough to justify the huge capital expense. Looks like a win-win deal though.
 
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I have entered LOT in the August Competition.

I am acting on a white hot tip from an interesting bloke I met at the Pub down by the river.
I can only presume he had an active twitter account ........Not reallysure what that actually means.........but I am hoping is accounting for the large volume today ...... long may that interest continue.


bux
 

Sean K

el oro es bueno
Joined
21 April 2006
Posts
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I have entered LOT in the August Competition.

I am acting on a white hot tip from an interesting bloke I met at the Pub down by the river.
I can only presume he had an active twitter account ........Not reallysure what that actually means.........but I am hoping is accounting for the large volume today ...... long may that interest continue.


bux
I met his cousin in an Uber recently. Made me double down on my holdings. Toot toot!
 

Sean K

el oro es bueno
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This woofer has been recovering with the rest of the U market. I put these shares in the sock draw in July when they teamed up with ACAP. I didn't think the low grade Botswana thing was a good move, but they have added a lot of uranium to the pot. I was actually hoping DYL would take over LOT but that's not going to happen now. I suppose if the uranium price keeps going up then this will as well. I'll take them out of the sock draw around 30c I think.


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brerwallabi

The Oracle
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Lotus has a completed a DFS which confirmed its Malawi uranium project as an extremely low cost project.
Project previously on hold due to decline of the uranium price, it has been in care and maintenance since 2014.
The project can be restarted within 15 months once a decision has been made on funding.
Recently completed a $25 million placement.
10 year mine life, another project in Botswana through acquisition of ASX listed ACB through a merge.
 

Sean K

el oro es bueno
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LOT hasn't really responded like some of the other U stocks as well as I would have liked, but it has recovered a bit recently. Sort of a rounded bottom formation that might take it to 40c.

Not really impressed with the ACB TO, could have just focussed on getting back into production with Malawi. Not sure if Botswana will ever be mined.

They really should be much closer to BOE and half of PDN.

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