LIN 4.00% 13.0¢ lindian resources limited

Asimwe Kabunga

  1. 194 Posts.
    lightbulb Created with Sketch. 49
    Our Chairman is also the chairman of

    AKN ,Roughly $40m M/C to around $5m now
    RMI , Roughly $75m M/C to around $12.3m now
    VRC, Roughly $150m M/C to around $23m now

    I got caught in these because of the initial success I had with Lin.
    I have subsequently found out all of the above have leases that were predominantly vended in by our chairman, which appear to not have very much market support.

    Lin has the Kangankunde project which looks absolutely world class— which was not a Kabunga vend !!— yet the price looks very very cheap compared to some of its peers. From a M/C high of roughly $500m to $140m now

    The CEO is hinting that both the Capex and Opex will be exceptionally low, so can anyone add why they think our price is so cheap.
    Last edited by Symxpnotic98: 11/04/24
 
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