LRC 0.00% $3.54 laguna resources nl

some thoughts, page-18

  1. 1,100 Posts.
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    Just back from travel and missed the release today...

    having now read through the announcement i believe people were scared away by the low gold grades and the ""massive drilling campain"" planned - the campain suggest a capital raising...

    So we are where we are...if we hold above 2 cents then it will be ok...

    I didnt buy-in to sell the fact"" today as the real money IMO is in the next 12 months to 2 years of reserve upgrades.

    The new round of drilling is to target the zones not previously mined (remnant mining grades made up a big percentage of the JORC - no supprise in the results then?)so these will carry a lot more weight +5g/t Assay's and we should see the gold grade equivent increase markedly..

    By the way i thought the release was right on the money..

    Good by DT's and all the best to long term holders...


    Cheers

    RT



 
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