GREY:LACHF - Post by User
Post by
twonxanityon Jan 16, 2010 9:33am
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Post# 16686549
Can we hit thise Price Targets?
Can we hit thise Price Targets?I am a little dissapointed with the way this stock has stagnated last little while. It has made me a fair amount of money so I cant complain much, but I was pretty excited with the Canaccord price target and its general prospects. I feel like this company trades mostly with the gold spot price and not funadementals.
This is worrisome because although many still predict an increasing gold price in 2010, some are not so sure. I worry that we will see a strong pullback if gold drops to 1000. This is despite the fact that the company is highly profitable at $1000 gold.
Dont get me wrong I remain comitted to LMA with my 25k shares, but I really wish that we could get a leg up without a strong gold advance, ie. on our own fundamentals.