LCL 0.00% 0.7¢ lcl resources limited

Ann: Ceasing to be a substantial holder from SFR, page-18

  1. 7,263 Posts.
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    Not sure if I agree with that sentiment 100%. I am sure there is some selling due to POG but I personally know a lot of money was waiting for that gap and still is. Also POG with a stock like this under 30m when you are getting 300 and 400m intersections from surface in a porphyry is fairly meaniningless given strip ratios will be amazing and AISC will be cheap as porphyry mining is usually high tonnage. So I suppose its likely to be a mix of reasons why people have been selling but the uneducated in the gold space will be losing out hard if they are selling off a small POG fluctuation. This is dirt cheap in any gold market 1500 and up. So I suppose its more of a question on who has been buying this, I know there is plenty of educated money here though.
    Last edited by pustayo: 23/08/20
 
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