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0.1¢ lodestar minerals limited

Your optimism hoofa is admirable, though your in the " Near...

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boondie

106 Posts.

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30/11/18

13:56

Post #: 36705272
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Originally posted by hoofa: ↑

HC sentiment is not the ultimate guide to a companys's performance, but commentary is important.

LSR has been digging holes for some period and sure have come up with an odd impressive result, but that does not make a viable commercial gold mining business. I would have expected with all their accumulated knowledge that results from this drilling program would have given substantial pointers towards a major find of some description. It seems they remain in search mode.

A gold company is great business if you can find it. No doubt they are in the right region, the key now is to lock into a reef before the cash runs out. This is where the exercise reaches a fine balance. The drill pattern is now in place and being implemented. They must remain on that course.

Investor sentiment is not the issue at this point. For various reasons, mainly fear of loss will see many drop the bundle and move on. Interestingly often when sentiment is at it's lowest, fortunes change. My reason being that the management does know the ground they are working and it would seem there is a gradual build up in the quality of the drill results that would suggest at some point the possibilities are that they will hit paydirt.

Must say, I do like the thorough process they are adopting to cover all regions within the ground they under their control.

I am still of the opinion they will find the gold in commercial quantities in the near future.

Expand

Originally posted by hoofa: ↑

HC sentiment is not the ultimate guide to a companys's performance, but commentary is important.

LSR has been digging holes for some period and sure have come up with an odd impressive result, but that does not make a viable commercial gold mining business. I would have expected with all their accumulated knowledge that results from this drilling program would have given substantial pointers towards a major find of some description. It seems they remain in search mode.

A gold company is great business if you can find it. No doubt they are in the right region, the key now is to lock into a reef before the cash runs out. This is where the exercise reaches a fine balance. The drill pattern is now in place and being implemented. They must remain on that course.

Investor sentiment is not the issue at this point. For various reasons, mainly fear of loss will see many drop the bundle and move on. Interestingly often when sentiment is at it's lowest, fortunes change. My reason being that the management does know the ground they are working and it would seem there is a gradual build up in the quality of the drill results that would suggest at some point the possibilities are that they will hit paydirt.

Must say, I do like the thorough process they are adopting to cover all regions within the ground they under their control.

I am still of the opinion they will find the gold in commercial quantities in the near future.

Expand

Your optimism hoofa is admirable, though your in the " Near Future" comment at the end of your post is the biggest x factor, along the lines of "how long is a piece of string'. One concern is that the SP is being kept artificially low with someone waiting to swoop in with a low takeover offer when the company finally discovers a commercially viable deposit. In that scenario the long standing and suffering shareholders are usually the ones who get screwed over, just a thought and i hope I am wrong.

LSR Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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