OTCPK:LGCUD - Post by User
Post by
benandemmibooon Jun 20, 2015 6:49am
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Post# 23851480
another insider buy of 50,000 on 6/19
another insider buy of 50,000 on 6/19Latest insider buy was a small buy but a helpful one... as all insider buys tend to be.
After all the initial dilution (should the current PPS stay), the upcoming financing will be a cashed-up miner with 3 million-plus ounces, and a market cap of less than 50 million. They'll have no payments due to lenders until 2018, and they'll be hopefully able to ride the next bull market the next time Aurizona is open for business.
The improved finance deal mentioned in the last two press releases has received zero comment from analysts, so far, and almost every buy on Friday seemed to be at the low ASK price of .08 CAD, 20 percent less than the financiers' deal, and almost half the PPS that Leduc paid when he bought 1 million shares a few weeks prior.
Altogether, I expect a run in share price after the financings close, and then I expect further good news the rest of the year, making this a collapsed stock that I can hold onto with minimal risk for the next year or two (particularly if I sell half my shares once the financial deal closes.)
As for analyst projections? I think they'll be revisited after the financing closes (and after the PPS is already much higher than it is today), as there is definite upside for investors (as well as for the financiers) at these currently depressed prices.
There is likely a floor for how high it can initially go, as well as a floor on how high it will ever go, but it's an easy double from here IMO before the end of the year.
Writing this for myself, so I can look back and see if these conclusions I've made are correct.