LHG is still a shaky investment, PE of 43, in a high-risk mine (mining below sea level and in a tectonically active area), probably the main reason RIO pulled out. Additionally, gold price could drop at any time, depending on the stability of the US economy. On top of that, the big gold traders push the market around a bit for their own profit (initiate big sell offs to activate stop losses and the like...then buy back on the selling frenzy). As such you can expect a bit of volatility. Personally I think LHG is a worthwhile investment mainly because of its huge deposits, but certainly not a low risk venture.
It puzzles me why tigian gets so emotive over the way other people are trading (or probably more to the point, getting upset when they don’t trade in a way that profitable for him), then threatening them with personal violence…I find it all a bit disturbing.
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LHG is still a shaky investment, PE of 43, in a high-risk mine...
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