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AGORACOM WIRE - MONDAY MAY 22ND


LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013  Read More 

  • Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.
  • The price for flake graphite is $ 1,500 - 3,000 per tonne depending on flake size and grade.

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Message: finalacceptance by both parties expected by mid-May, 2008.

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Re: finalacceptance by both parties expected by mid-May, 2008.

posted on May 07, 08 09:20PM

RVKing,



I wish I knew. What I can say is, at these prices there is definately value. I am most relieved that we will be able to secure the long lead items that we have on order. It would have been a very bad blow to our schedule going into production if we had had to forfeit our orders and, our downpayments and queues.



I am not pleased with the 20% dilution that the bridge financing is expected to include, but, until we see the terms of the agreement, we don't know how bad that aspect is... and... well, our backs were up against the wall. The lender knows it... I just hope we get kissed in the process.



I will be holding for much higher prices, even tho I have lowered my expectations on this one... I expect to make a tidy profit at some point... whether we get shorted or not between now and them... I don't know... if we do... I would look at it as a buying opportunity.



Perry

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