I'm back in at 4.07 for the next 2 to 3 weeks having been in and out previously riding the ncm offer...
lgl is basically hedged against downward movement and seems to have bottomed based on it's lack of reaction to yesterdays sharp fall in bullion (as has the gold down cycle).
Also potential strong upside in the following few weeks based on some newmont/barrack t/o speculation or even a last minute offer and an upswing in gold (potentially 1500 this year based on long term trend). if newmont/barrack were to make an offer it would make sense that they do it as late as possible....time will tell....at current levels lgl is actually at a discount to ncm based on 8.43lgl +.225c per lgl share for every ncm....
LGL Price at posting:
$4.06 Sentiment: LT Buy Disclosure: Held
