LRC 0.00% $3.54 laguna resources nl

I dont get anyof the hassling here and not eve a holder. The...

  1. 11,407 Posts.
    I dont get anyof the hassling here and not eve a holder. The stock shot up a mere 60% on news rleased the previous day 13 minutes before the market close.

    On shooting up..the ASX queried the price jump...which also bewildered me....but the company gave a solid explanation for the jump which based on the announcement and plans and tenement seems more than justified.

    The 0.7c jump from 1.3 to 2c with 100 million tradeable shares on the market and 600 million held by the Top 20....with a finish at 2c and prevailing market cap of a whopping $14million (just kidding about the whopping bit) attracts criticim from people saying its ramped and dumped to the hilt.

    I watched all day. At which point did it retrace and end back where it started at open..1.4c?

    In my opinion, if you see this tripple from here than come back to 2c....yeah maybe thats a pump and dump but a quick 60% rise on a tightly held share, tiny market cap, news just released....I must be missing something from those getting on Tibb's and others case? Maybe its a personal thing going back to other situations?

    Lepanic, Aurelius, I'd keep an eye on this one out of interest....could be wrong thinking this is a pump and dump and even for that to happen...I'd expect it to go to 5 or 6 before it coming back to here to be called that.

    That area where they are:

    "LRC has now commenced field activities at its Arqueros Gold Project in the northern sector of the World Class
    Maricunga Gold Belt in the Atacama Region of northern Chile."

    "The mineralisation at Arqueros comprises gold silver
    epithermals located 20 kilometres north of Kinross Gold
    Corporation’s La Coipa Gold Mine (225,000 oz pa gold
    equivalent).

    The Arqueros North and South deposits were mined from
    2000 to 2004 with approximately 278,000 ounces of gold
    equivalent extracted at an average gold equivalent grade of
    7.1 g/t gold".

    Gold's 1043.8 per Oz as I type. I'm all for re-ratings...hate pumps as all do....but this for me is definately on the radar as solid "potential".

    Good luck holders.
 
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