Stock Name: LionGold
Company Name: LIONGOLD CORP LTD
SIAS Research in an Oct 3 research report says: "LionGold Corp Ltd (LionGold, formerly The Think Environmental Co Ltd) announced the commencement of commercial production in Ghana on Sept 28.
"LionGold intends to use this site as a model and training ground to build more mine development teams that will be deployed to subsequent sites. At the same time, LionGold is watching the neighbours adjacent to its site for opportunities to accumulate resources.
"While LionGold's 1H FY12F (ended Sep) results are likely to be muted, 2H FY12F will most likely see a significant jump in profitability. We are currently waiting for at least one quarter of full gold production before we revisit our model. Intrinsic value of $1.035. MAINTAIN INCREASE EXPOSURE."
Company Name: LIONGOLD CORP LTD
| Research House: SIAS | Price Call: BUY | Target Price: 1.035 |
SIAS Research in an Oct 3 research report says: "LionGold Corp Ltd (LionGold, formerly The Think Environmental Co Ltd) announced the commencement of commercial production in Ghana on Sept 28.
"LionGold intends to use this site as a model and training ground to build more mine development teams that will be deployed to subsequent sites. At the same time, LionGold is watching the neighbours adjacent to its site for opportunities to accumulate resources.
"While LionGold's 1H FY12F (ended Sep) results are likely to be muted, 2H FY12F will most likely see a significant jump in profitability. We are currently waiting for at least one quarter of full gold production before we revisit our model. Intrinsic value of $1.035. MAINTAIN INCREASE EXPOSURE."
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