lihir lower on nasdaq

Lihir Gold closed down 0.87% on the Nasdaq overnight, above its session low, on above average trading.

The fourth quarter results, largely viewed as positive, had little or no influence on the price of the stock.

Analysts are of the opinion that for the share price to kick on, there must be a significant increase on the US$ POG, which will cause Lihir Gold's substantial reserves to be revalued by the market, and result in a concomitant increase in the share price.