Ann: First Gold Pour from Agate Creek Gold Project, page-203

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laepop

2,025 Posts.

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02/05/19

18:33

Post #: 38381998
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Originally posted by Mr Wiskers: ↑

Well, considering all the good results posted, this has been disappointing to say the least. I have been in LNY now for three years and not going to bail yet. Will just keep accumulating and hold tight as a project of this size is definitely a long term proposition As Towie stated management has kept this project alive & funded for many years and have worked hard on permits & land title arrangements.

There have been at least 3 attempts at .016, but resistance has been strong, and sellers have won out for sure.

A retrace of 30% puts it at around .011, but now we have re traced around 50%.
So where does this leave us?

The stock is undervalued
It is trading above it 200ma
It is making money

and at this bargain price (.009) another test of .016 is highly likely in the near future. Hopefully this will be in impetuous for another push higher and hopefully some kind of trend can develop.

I agree talk of pushing forward with other projects is detrimental to investors whom more likely want to see how big this strike really is. Future announcements would hopefully detail the plans of management for installing their own processing facilities on site to enable a full exploration of the entire lease.

Just my ramblings in the hope of a better future and a realization of a few dreams. DYOR

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are we sitting at same level as NST (0.01) in 2007/2008. how has NST managed to reach 8.24$ today. my belief from the findings seems this still has life. mostly after the pullback comes the big push just to flush out as much before the next run(if happens). GLTAH.

LNY Price at posting: 0.9¢ Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

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