CSE:LUX - Post Discussion
Post by
JayBanks on Jan 13, 2022 8:21pm
Today’s News
I would say for this company specifically there are 2 catalysts that would lead to share price growth again, rising of gold prices into the upper 1800s and beyond or more importantly the news that Boston is in production, the latter likely being the larger effect and also the soonest I'd expect to occur as they said they expect expect it close to the end of the month (I wouldn't be surprised at this point if we drag into January, but I'd be disappointed if we got to March).
Well looks like we are heading towards my disappointment!
I thought in an earlier release in early fall they mentioned they were close to getting 'Boston' together and ready for starting up and testing, now we are told not all the pieces of this unit are even in the country! It's getting harder to believe they can get thier ducks in an order.
Also, by the sounds of struggles getting all the production supplies for 'Plant 1' that they have been experiencing some down time and upcoming earnings in early March may continue to be underwhelming...
Good news is sounds like the shares will continue to be down here for buying opportunities and the price of gold looks like it wants to go higher.
I'm not really a gold bug by any stretch, but I'm seeing several large and junior miners that are priced attractively and have a path to further increasing dividends or introduction of them for some companies. It somewhat looks similar to where the oil market was 9-15 months ago and now they are printing crazy money and shareholders are really benefiting...
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