GREY:LRTNF - Post by User
Post by
Oldschool2022on Nov 11, 2022 6:00am
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Post# 35090647
Gold is up $10 per ounce in overnight trading.
Gold is up $10 per ounce in overnight trading.We have an interesting situation here. Gold is up about 10% this month coming off the bottom of the chart. It looks like it’s going to break out of this trading range. With over 2 million combined ounces in the ground here and a turn key mine every $ gold goes up should add value to the sale price here. If gold continues and can break $2000 per ounce before the sale process closes we could have a bidding war for this premier asset.
Today trading at .02 per share ( year highs over $1 per share) I’ll be adding to see what happens. All the bad news has been priced in. As speculators start to buy up the cheapies the share price will trend higher. I think we could head towards the .05-.10 price range in the coming weeks. Which would be a 250-500% return from today’s closing prices. Happy trading here cheers.