Lunnon released the Baker PFS highlights

Not surprisingly it is tiny but it is one small step. Massive IRR though.

Next steps are offtakes

[held]

Don't wish to speculate but....

With a sneaky rally in the share price on no news last few days and finally breaking through $1 today, I can't help but think that Lunnon could be a takeover target.

Lunnon definitely in the right neighbourhood with Mincor

Is however tiny compared to Mincor.

[held]

Probably like everyone else I don't spend too much time reading off the quarterly reports.

So I decided to spend some time on this one which I hold and saw that they want to put some LTI and STI plans to the AGM.

From the most recent presentation, they are aiming to get a reserve established within the next 12 months. Don't know about everyone here but I think getting 15KT reserve shouldn't be that hard on a resource of 900KT contained nickel? Usually I ignore the AGMs but if I'm still holding by March 2023 I will oppose.

I bought thinking this had good management (former WMC alumni) and they really hit the ground running increasing their reserves of a former mine to what they are currently. But not sure now.

[held]