why another placement, page-6

There will be absolute fortunes made out of companies like LGL over the next few years but they need to be cashed up and have easily controlable debt in order to make acquisitions and mergers that allow them to diversify their mines to reduce risk and to grow.
You have to be a believer to have the guts to invest during these trying times and to be willing to wait for it all to happen. Only traders are going to be unhappy with the action LGL have taken.
The only bright spot in the market at present is the gold shares and these companies would be crazy not to grab all the capital they can get, while it is there, so as to be able to gobble up some juicy morsels that will surely become available.
The gold companies have had to live by their wits for 25 years while the Western governments of the world tried every trick in the book to destroy gold as an investment.
There will be some spectacular gains in some juniors, in time, but trying to figure which ones it will be, and which ones will even survive long, is beyond the ability of 99% of people but I would bet that LGL is there when it's ultimately all happening.

Regards

Lockitt