Speculation mostly. Price of gold. A mid-tier gold provider located in the gateway to Asia. Fiat currencies printing money like crazy to ensure the gold price goes up.
Remember though, this LionGold crew are not stupid. They had other environmental companies and I think an office supply business that they did very well out of. The CGT mine will be their 5th or 6th pouring location. They know that they're getting a winner with CGT.
The way I look at the situation is that I'm invested in the asset not the company. I'm personally glad I took the buyout from LG with regards to SBL. SBL is at 1.2 cents today and they would have went broke without LG stepping in. My LG shares are worth about 2.2 cents per SBL I held when all the math is said and done. Sure I had to activate Global Trading on Etrade to be able to sell them but that was filling out a form and mailing in a couple things... big deal.
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Speculation mostly. Price of gold. A mid-tier gold provider...
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