OTCQX:LVNVF - Post by User
Post by
maxxx7on Apr 20, 2012 1:27pm
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Post# 19817388
Dumping shares
Dumping shares I had a very interesting talk today with a friend of mine who has been in the mining industry for over 30 yrs. He said he has never seen it this bad for the junior mining indusrty as it is right now. He also stated that alot of the trading right know is hedge funds dumping shares of the juniors just to get out of them. He said that if you are a junior and have little or no money or are trying to raise money, they are up the creek and you know what creek that is. Anyway hind sight being 20/20 I guess we all should have sold when LVN hit $2.00 plus, but most of us didn't including myself, and either bought back in or walked away from this sector. We all have to remember, it is not just LVN getting hammered, it is just about all of the juniors. The one huge factor LVN has going for it is that we have 57 million in the bank, and that will keep the drills turning for a number of years. I wish it was better, but it's not, so I think I'll just put it in the drawer for awhile and wait till things get better. And we all know it will.