LionGold: (The Edge) Quest for more gold-mining firms brings it to Australia, Africa, despite struggling to gain control of Australia’s listed Signature Metals. LionGold is reviewing 8 opportunities at the moment, but will take on only 1 or 2 deals at any one time, with an eye to becoming a substantial shareholder in these Co’s.
As Grp scales up on gold mining, hopeful that sceptics will see the merits of its new business, tipping that LionGold is going to become the consolidator of gold assets and present them to investors. Ultimately analysts note that biggest concern is on execution and investors should be mindful of the capital intensive busines.
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