Gents i have been in and out meetings all day today so havent really been following the share price after the exceptional. Managed to pick another 3m at 2.2c which is an absolute bargain and averaged down.
For those that hadnt realised Gold is up another $10 to $1092 over the last few hours. Also for those with Foxtel - LRC Laguna Resources received a mention on Sky Business Your Money your call, i believe you can get a repeat of the show later tonight.
Today's announcement was exceptional and certainly exceeded my expectations. This project will now provide the coy with at least 10-12 years mine life.
Many have sold down after purchasing at significantly lower levels and locking in profits. The current market cap of $10-15m simply doesnt make sense and undervalues the company significantly. Perhaps there was a sell off on 'fact' however the sellers are uneducated with little understanding of companys' fundamentals.
Please note there will be further dill results from assays during November, with further resource upgrades in the short term.
For those interested in significant upside, LRC now presents an outstanding opportunity for growth and prosperity. Excellent to see mention on Sky Business together with the gold price at $1092 we could see this at 5-6c very quickly.
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