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The latest announcement is out from Lions Bay Capital ( (TSE:LBI) ).
Lions Bay Capital Inc. has executed a binding term sheet for a CAD $4.0 million secured promissory note from insider Metals One Plc, with proceeds earmarked for investment and working capital. The one-year loan, carrying 20% annual interest and repayable in full at maturity, will be secured by first-ranking charges over Lions Bay’s holdings in Fidelity Minerals Corp., Lions Bay Resources Pty Ltd., related loan accounts and a US$2.2 million receivable from GNT Mining, and is classified as a related-party transaction requiring customary corporate and regulatory approvals. Executives from both companies said the financing will allow Lions Bay to accelerate plans to build a vertically integrated South African gold business through Lions Bay Resources and to support Fidelity Minerals in advancing a historic gold resource in Peru, positioning the firm to capitalise more quickly on what they describe as attractive precious and critical minerals opportunities.
Spark’s Take on TSE:LBI Stock
According to Spark, TipRanks’ AI Analyst, TSE:LBI is a Neutral.
Lions Bay Capital, Inc. is currently facing financial instability with consistent losses and challenges in cash flow generation. While the technical indicators show a neutral trend, the company’s valuation is unattractive due to negative profitability metrics. However, the recent appointment of an experienced director could provide strategic benefits, potentially improving future performance.
To see Spark’s full report on TSE:LBI stock, click here.
More about Lions Bay Capital
Lions Bay Capital Inc. is a mining finance and investment company focused on unlocking value in overlooked or underperforming resource assets, with a strategic emphasis on gold and copper. Rather than running high-risk exploration programs, the company raises capital to invest in and strategically support neglected projects that lack funding or have suffered from poor execution, aiming to enhance project value and investor returns under the leadership of veteran mining executive John Byrne.
Average Trading Volume: 18,244
Technical Sentiment Signal: Buy
Current Market Cap: C$11.19M
See more data about LBI stock on TipRanks’ Stock Analysis page.