are there problems at the volcanoe, page-8

As a long time holder of LHG, it seems that we are getting back to the case of those who have faith, or dont.

LHG knockers abounded for years, now it is a 4 bil company.

BGF is in a similar position to LHG a few years ago. If LHG waited for BGF to prove up reserves, and they had 9 mil oz it would be pounced on by the majors. By acquiring it now there is risk, but lets face it they have looked at it for over a year and the potential upside is enormous.

It is understandable that the initial market reaction is negative, but supposing they have over paid 100 mil, that is only a 3% loss for LHG which is 10c. Share Price has dropped about 30c.

Prices of NEM and NCM have fallen because of problems at the mine, LHG is still doing fine so naturally it has out performed.

l plan to hold a few more years yet, this is a minor event but its value will have to be judged in few years time