LGL
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0.86% $1.74 lynch group holdings limited

at $1220 gold how does ncm's offer/s

  1. goldmick
    524 Posts.
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    12/05/10
    00:29
    Post #: 6684436
    Make sense?????

    The gold price was some $150 an ounce lower when the original low ball offer made , plus don't forget LGL's major assets are offshore and not subject to the miners tax.

    At $1220 gold I can no longer see how the revised NCM offer makes sense. Happy to hear any opinions as to why the latest NCM offer represents value in the light of a surging gold price
    LGL Price at posting: $3.90 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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