G'day Pauley.I have posted on here before regarding LGL and...

G'day Pauley.

I have posted on here before regarding LGL and other gold stocks in general and I know that gold stocks rarely make BIG money for investors with the exception of the times when they are in a raging gold bull market.
These times are so rare that the last time I can remember one I was still a young fella and still slightly attractive to people of the female sex. ( emphasis on slightly ).
We are sneaking up on such times again but just how far we still have to go remains to be seen.
LGL have made some incredibly stupid mistakes over the years but it would be hard to think of anything that comes close to the Ballarat folly. WHAT WERE THEY THINKING???. I remember thinking when I first heard that they were buying Ballarat - WHAT THE HELL FOR, WHY????
However, I hope that with new management and a new start they will put all this bad luck and bad management behind them and can look forward to many years of growing returns for their long suffering shareholders.
Also, as Junglewoman points out in her post, returns for holders over the last 5 years have been pretty damn good all things considered with the Global Meltdown etc.

Regards

Lockitt