Of course it is but looking back those, who sold last week, were the smarter ones. There are always the 2 sides to the medal, the value and the price. Unfortunately the price is determined by traders and not experts and even if the sp value could be around the 10c, when traders decide to crash sp there is nothing we can do.
I am not a gold industry expert and rely on comments of analysts, trends and articles. But everything points to a long term uptrend because of the results of the GFC.
So far I can't see any other reasons for this capital raising taking so long as either they have problems to attract big investors or there are so many interested parties that they can't decide who gets the new issued shares. But I think we will have to cope with the negative option.
LRC Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held
