*** lhg/nem downside risk from here based on techn, page-16

re: *** lhg hedge concerns as gold rises*** I am with you on that analysis, Hanrahan.

LHG is shaping up as a "sucker stock" - sucks in the gullible, spits 'em out after chewing up the cash.

Hedge book issues, sovereign risk and high cost mining are the key negatives for LHG imo.

That said, it could run in this gold market but it's a dangerous stock to play - one of those "up by the stairs; down by the lifts" stocks.

You would need testicles of titanium to feel comfortable with a hefty long position in LHG - and even then I dare say you would not be all that comfortable !!